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

question 21

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,what is the probability that the student is not enrolled in statistics?

• A)0.05
• B)0.20
• C)0.25
• D)0.80
• E)None of the above

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Definitions:

Lead Time

The amount of time that elapses between the initiation of a process and its completion, often used in the context of product manufacturing or procurement.

Standard Deviation

An indicator of the spread or distribution of a data set, revealing how much the values deviate from the average.

Lead Time

The time taken from initiating a process until its completion, often used in the context of the time between ordering a product and its delivery.

Fill Rate

A metric that measures the percentage of customer or sales orders that are fulfilled from stock available, indicating the ability to meet demand.