At a Certain Prison It Was Found That 71% of the Inmates

question 27

Multiple Choice

At a certain prison it was found that 71% of the inmates had had a first arrest at the age of 15 or younger. It was also found that 70% of the population were identified as having had a drug problem. What is the probability of selecting at random an inmate who had been arrested at 15 or younger and had also been identified as having a drug problem?

• A) .14
• B) .50
• C).95
• D) .46

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Definitions:

Comparative Balance Sheet

A financial statement that presents the financial position of a company at two or more different points in time.

Operating Activities

Day-to-day actions that are involved in running a business, such as selling products, managing costs, and paying employees.

Cash Dividend

A disbursement issued to shareholders from a firm's profits, often in cash format.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders’ equity at a specific point in time, providing a snapshot of the firm's financial condition.