A College Sent a Survey to a Sample of Juniors $\frac { 307 } { 620 }$

question 248

Multiple Choice

A college sent a survey to a sample of juniors.Of the 620 students surveyed, 307 live on campus, of whom 139 have a GPA of 2.5 or greater.The other 313 juniors live off-campus, of whom 153 have a GPA of 2.5 or greater.What is the probability that a survey participant chosen at random has a GPA less than 2.5?

• A) \(\frac { 307 } { 620 }\)
• B) \(\frac { 139 } { 620 }\)
• C) \(\frac { 82 } { 155 }\)
• D) \(\frac { 139 } { 292 }\)
• E) \(\frac { 139 } { 307 }\)

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Definitions:

Manufacturing Department

A specific division within a company where goods are produced, focusing on the transformation of raw materials into finished products.

Absorption Costing

An accounting method that includes all manufacturing costs — direct materials, direct labor, and both variable and fixed manufacturing overhead — in the cost of a product.

Operating Income

A measure of a company's profit that excludes non-operating expenses and revenues, focusing solely on the income generated from its core business operations.

Inventory Levels

The quantity of goods and materials on hand at a particular time within a company.