The Employees of a Company Were Surveyed on Questions Regarding

question 6

Multiple Choice

The employees of a company were surveyed on questions regarding their educational background and marital status. Of the 600 employees, 400 had college degrees, 100 were single, and 60 were single college graduates. What is the probability that an employee of the company does not have a college degree?

• A) 0.33
• B) 0.67
• C) 0.75
• D) 0.10

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Definitions:

Aggressive

An assertive stance or policy in business or investment, typically involving higher risks for the possibility of higher returns.

Financial Planning Process

A comprehensive evaluation of an individual's or organization's current and future financial state by using currently known variables to predict future cash flows and asset values.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period to ensure a company has sufficient liquidity.

Financial Statements

Formal records of a company's financial activities and condition, including balance sheet, income statement, and cash flow statement.