A Recent Survey Found That 24% of People in Michigan

question 83

Multiple Choice

A recent survey found that 24% of people in Michigan like oatmeal.If the probability that someone lives in Michigan is 4.8%.What is the probability that you choose two people in the US and they are both from Michigan?

• A)28.4%
• B)24.0%
• C)0.2%
• D)100.0%
• E)48.0%

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Definitions:

Balance Sheet

A financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a basis for computing rates of return and evaluating its capital structure.

Revenues

The total income generated from normal business operations and other activities over a period.

Assets

Resources owned by a business that are expected to provide future economic benefits.

Owner's Equity

Owner's equity represents the residual interest in the assets of an entity after deducting liabilities, essentially the net worth of a company.