A Survey Conducted in One U Determine the Probability That a Randomly Selected Adult Has Health

question 59

Multiple Choice

A survey conducted in one U.S. city together with information from the census bureau yielded the followingtable. The first two columns give a percentage distribution of adults in the city by ethnic group. The thirdcolumn gives the percentage of people in each ethnic group who have health insurance. Round to the nearestthousandth. $$\begin{array} { l c c } \text { Ethnic Group } & \begin{array} { l } \text { Percentage } \\\text { of adults }\end{array} & \begin{array} { c } \text { Percentage with } \\\text { health insurance }\end{array} \\\hline \text { Caucasian } & 46.5 & 73 \\\text { African American } & 13.5 & 49 \\\text { Hispanic } & 19.4 & 56 \\\text { Asian } & 13.3 & 67 \\\text { Other } & 7.3 & 40\end{array}$$ Determine the probability that a randomly selected adult has health insurance.

• A) 0.633
• B) 0.570
• C) 0.063
• D) 0.603

Recognize indicators of stock value including market-to-book ratios.

Identify and understand different types of corporate actions like stock splits and dividends.

Know the rights and obligations associated with purchasing stocks, including voting and dividends.

Understand stock purchase mechanics, including buying on margin and commissions.

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Definitions:

Market Supply

Market supply represents the total quantity of a particular good or service that all producers are willing and able to sell at different price levels in a given period.

Producer Surplus

The difference between the amount that a producer is paid for a good or service and the lowest amount they are willing to accept for that good or service.

Consumer Surplus

The gap between the price consumers are prepared to pay and the actual price they pay for a product or service, signifying the advantage received by consumers.

Price Floor

A legal minimum price below which a good or service cannot be sold.