TABLE 4-2 An Alcohol Awareness Task Force at a Big-Ten University Sampled

question 15

Multiple Choice

TABLE 4-2
An alcohol awareness task force at a Big-Ten university sampled 200 students after the midterm to ask them whether they went bar hopping the weekend before the midterm or spent the weekend studying, and whether they did well or poorly on the midterm. The following result was obtained.

-Referring to Table 4-2, what is the probability that a randomly selected student who went bar hopping will do well on the midterm?

• A) 30/100 or 30%
• B) 30/110 or 27.27%
• C) 30/200 or 15%
• D) (100/200)*(110/200) or 27.50%

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Definitions:

Nationalization

The process by which a government takes control of a private industry, business, or assets and converts it into state ownership and operation.

Government Price Controls

Measures implemented by a government to regulate the price levels of commodities and services with the aim to maintain affordability, prevent inflation, or ensure a minimum income for producers.

Corruption

The misuse of government power, with which one has been entrusted or assigned, to obtain private gain; includes payments from individuals or companies to secure advantages in obtaining government contracts, avoiding government regulations, or obtaining inside knowledge about forthcoming policy changes.

Government Subsidized

Financial support provided by the government to organizations, industries, or individuals, often to encourage growth or support essential services.