Exhibit 2-1 The Numbers of Hours Worked (Per Week)by 400 Statistics Students

question 55

Multiple Choice

Exhibit 2-1
The numbers of hours worked (per week) by 400 statistics students are shown below.

-Refer to Exhibit 2-1.The percentage of students who work at least 10 hours per week is

• A)50%
• B)5%
• C)95%
• D)100%

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Definitions:

Withdrawals

Funds taken out from a business by its owner(s) for personal use.

Credit

An accounting entry that either increases a liability or equity account, or decreases an asset or expense account.

Assets

Resources owned by a business or individual that have economic value and can be used to meet debts or commitments.

Liabilities

Financial obligations or debts owed by a business to external parties or entities, which must be settled over time through the transfer of economic benefits.