Student Admissions Are Based on the Following Table, Which Shows

question 228

Multiple Choice

Student admissions are based on the following table, which shows the profile, by Math SAT I scores, of admitted students at some university for the Fall 2004 semester. Determine the theoretical probability of the event: "An applicant was admitted." (Round your answer to the nearest 0.01) . $$\begin{array} { | l | l | l | l | l | l | l | } \hline & \mathbf { 2 0 0 } - \mathbf { 3 9 9 } & \mathbf { 4 0 0 } - \mathbf { 4 9 9 } & \mathbf { 5 0 0 } - \mathbf { 5 9 9 } & \mathbf { 6 0 0 } - \mathbf { 6 9 9 } & \mathbf { 7 0 0 } - \mathbf { 8 0 0 } & \text { Total } \\\hline \text { Admitted } & 6 & 212 & 1,124 & 2,882 & 5,297 & 9,521 \\\hline \begin{array} { l } \text { Not } \\\text { Admitted }\end{array} & 687 & 3,501 & 9,547 & 12,230 & 5,150 & 31,115 \\\hline \begin{array} { l } \text { Total } \\\text { Applicants }\end{array} & 693 & 3,713 & 10,671 & 15,112 & 10,447 & 40,636 \\\hline\end{array}$$

• A)0.23
• B) 0.13
• C) 0.31
• D) 0.24
• E) 0.77

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Definitions:

Sales Volume

The total quantity of products or services sold by a company within a specific period.

Total Expected Cost

The sum of all costs projected to be incurred for a project or production process, including materials, labor, and overhead.

Fixed Costs

Expenses that do not change regardless of the level of production or sales activity, such as rent, salaries, and insurance.

Variable Costs

Costs that fluctuate with changes in production volume, including expenses like raw materials and direct labor.