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SCENARIO 4-8
According to the record of the registrar's office at a state university,35% of the students are freshman,25% are sophomore,16% are junior and the rest are senior.Among the freshmen,sophomores,juniors and seniors,the portion of students who live in the dormitory are,respectively,80%,60%,30% and 20%.
-Referring to Scenario 4-8,if a randomly selected student lives in the dormitory,what is the probability that the student is not a freshman?
Inventory
Items that are held by a company for the purpose of selling in the near future or the materials used to produce those goods.
Supplies
Tangible items used in the operation of a business that are not directly associated with the product or service offered.
Physical Inventory
A process where a business physically counts its entire inventory to ensure the accuracy of its records and control its stock levels.
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