Consider the Data Shown in the Table Below What Percent of the Sample Is Not Enrolled in Any

question 35

Multiple Choice

Consider the data shown in the table below.The table shows responses to a classification question. $\begin{array}{lc}\hline\text { Demographic } \\\text { Characteristic } & \text { Number of Respondents }\\\hline\text { Current educational status }\\~~\text { Not enrolled in any school } & 55 \\~~\text { Enrolled in high school } & 125 \\~~\text { Enrolled as college undergraduate } & 275 \\~~\text { Enrolled for advanced degree } & 45\end{array}$ What percent of the sample is not enrolled in any school?

• A)9%
• B)11%
• C)55%
• D)cannot be calculated from the data shown

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Definitions:

Utility Function

A mathematical representation that ranks the preferences of consumers or entities based on the consumption of goods and services.

Preferences

Refers to the ordering of different alternatives by individuals based on their values, satisfaction, or utility they provide.

Expensive Goods

Products or services that have a high price relative to their intrinsic value or compared to other alternatives in the market.

Utility Function

A mathematical representation of how different combinations of goods or services can provide different levels of happiness or satisfaction to a consumer.