It Has Been Alleged That 40% of All Community College

question 61

Multiple Choice

It has been alleged that 40% of all community college students favour Dell computers. If this were true, and we took a random sample of 25 students, the binomial probability table for cumulative values of x available in your text would reveal which of the following probabilities?

• A) The probability of 10 or fewer students in favour is 0.586.
• B) The probability of fewer than 19 students in favour is 1.000.
• C) Both a and b.

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Definitions:

M Rises

An increase in the money supply within an economy, which could potentially lead to various economic effects such as inflation or stimulation of economic growth.

Percentage Fall

A measure of decrease expressed as a proportion of the original quantity.

Crude Quantity Theory

A basic concept in economics that suggests the amount of money in circulation determines the level of economic activity, affecting prices and inflation.

M Rises

An increase in the money supply in an economy, which can affect inflation and interest rates.