According to a Department of Labor Report,the City of Detroit

question 59

Multiple Choice

According to a Department of Labor report,the city of Detroit had a 20% unemployment rate in May of 2011.Eight working-age residents were chosen at random.What is the probability that at least two of the residents were unemployed?

• A) 0.1678
• B) 0.3355
• C) 0.4967
• D) 0.5033

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Definitions:

Operating Cash Flows

The amount of cash generated by a company's normal business operations.

Fixed Assets

Durable physical assets employed in a company's operations, which are not anticipated to be turned into cash quickly.

Net Cash

The amount of cash available after all cash inflows and outflows have been accounted for over a specific period.

Inventory Turnover

A metric that displays the frequency at which a company's stock is sold and replenished during a certain timeframe.