According to a July, 1999, Article in the New York

Multiple Choice

According to a July, 1999, article in the New York Times, 13.5% of Internet stocks that entered the market in 1999 ended up trading below their initial offering prices. If you were an investor who purchased 11 Internet stocks at their initial offering prices, what was the probability that at least 10 of them would end up trading at or above their initial offering price (Round your answer to four decimal places.) ?

A) 0.5041
B) 0.4489
C) 0.5511
D) 0.2345
E) 0.5301