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Exhibit 12-4 In the Past, 35% of the Students at ABC University

question 20

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Exhibit 12-4
In the past, 35% of the students at ABC University were in the Business College, 35% of the students were in the Liberal Arts College, and 30% of the students were in the Education College. To see whether or not the proportions have changed, a sample of 300 students was taken. Ninety of the sample students are in the Business College, 120 are in the Liberal Arts College, and 90 are in the Education College.
-Refer to Exhibit 12-4. This problem is an example of a


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Amounts owed to a business by its customers for goods or services delivered but not yet paid for.

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