At a University with 1,000 Business Majors, There Are 200

question 96

Multiple Choice

At a university with 1,000 business majors, there are 200 business students enrolled in an introductory statistics course.Of these 200 students, 50 are also enrolled in an introductory accounting course.There are an additional 250 business students enrolled in accounting but not enrolled in statistics.If a business student is selected at random and found to be enrolled in statistics, what is the probability that the student is also enrolled in accounting?

• A)0.05
• B)0.30
• C)0.20
• D)0.25

---

Definitions:

Compounded Annually

Refers to the process of applying interest to both the initial principal and the accumulated interest over the past year.

RRSP

A Registered Retirement Savings Plan, a government-approved program in Canada that allows individuals to save for retirement on a tax-deferred basis.

Purchasing Power

The purchasing power of a currency represented through the quantity of goods or services a single unit can acquire.

Equal Monthly Contributions

Regular, identical payments made monthly towards a financial obligation or investment.