The Table Below Gives Beverage Preferences for Random Samples of Teens

question 19

Multiple Choice

The table below gives beverage preferences for random samples of teens and adults. $$\begin{array} { l l l l } & \text { Teens } & \text { Adults } & \text { Total } \\\text { Coffee } & 50 & 200 & 250 \\\text { Tea } & 100 & 150 & 250 \\\text { Soft Drink } & 200 & 200 & 400 \\\text { Other } & 50 & 50 & 100 \\& 400 & 600 & 1000\end{array}$$ We are asked to test for independence between age (i.e., adult and teen) and drink preferences.The expected number of adults who prefer coffee is

• A) .25.
• B) .33.
• C) 150.
• D) 200.

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Definitions:

Working Capital

The amount of operational liquidity available to a business, calculated as current assets minus current liabilities.

Balance Sheet

An account statement that lists a company's assets, liabilities, and the equity belonging to shareholders at a given time.

Sales On Account

Transactions where goods are sold or services are provided with an agreement that payment will be made at a later date.

Cost Of Goods Sold

The total expense directly related to the production or acquisition of the goods sold by a company.