In a Housing Project There Are 350 Households in Which

question 50

Multiple Choice

In a housing project there are 350 households in which English is usually spoken, 50 in which Spanish is usually spoken, and 100 in which the language is other than English or Spanish. A researcher approaches a house at random to conduct an interview. What is the chance that the usual language in that household will NOT be English?

• A)1/500 = .002
• B)50/350 = .14
• C)150/500 = .3
• D)150/350 = .43

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Definitions:

Present Consumption

The portion of current income or resources that is used for consumption, rather than saving or investing.

Capital

Resources or assets used in the production of goods and services, such as machinery, buildings, and equipment.

Resources

Inputs used in the production of goods and services, including labor, capital, land, and technology.

New Capital

Funds or equity obtained by a company for the purpose of furthering its business objectives, or the addition of assets.