The Employees of a Company Were Surveyed on Questions Regarding

question 120

Multiple Choice

The employees of a company were surveyed on questions regarding their educational background (college degree or no college degree) and marital status (single or married) .Of the 600 employees,400 had college degrees,100 were single,and 60 were single college graduates.The probability that an employee of the company does not have a college degree is:

• A)0.10
• B)0.33
• C)0.67
• D)0.75

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Definitions:

Aggregate Supply

The overall provision of goods and services that businesses in an economic setup aim to sell during a certain period.

Economic Expansion

A period characterized by increased business activity and growth in the economy's overall output.

Aggregate Demand

The cumulative request for every type of good and service within an economy across different pricing points, throughout a particular timeframe.

Required Rate

The minimum return that investors expect to receive for investing in a particular asset, taking into account its risk.