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Question - Underage drinking, Part I. Data collected by the Substance Abuse and Mental Health Services Administration (SAMSHA) suggests that 69.7% of 18-20 year olds consumed alcoholic beverages in any given year.
(a) Suppose a random sample of ten 18-20 year olds is taken. Is the use of the binomial distribution appropriate for calculating the probability that exactly six consumed alcoholic beverages? Explain.
(b) Calculate the probability that exactly 6 out of 10 randomly sampled 18- 20 year olds consumed an alcoholic drink.
(c) What is the probability that exactly four out of ten 18-20 year olds have not consumed an alcoholic beverage?
(d) What is the probability that at most 2 out of 5 randomly sampled 18-20 year olds have consumed alcoholic beverages?
(e) What is the probability that at least 1 out of 5 randomly sampled 18-20 year olds have consumed alcoholic beverages?
Financial Statement Analysis and Preparation
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Computation of Free Cash Flow
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