A Sample of 350 Students Was Selected and Each Was $65 / 110$

question 194

Multiple Choice

A sample of 350 students was selected and each was asked the make of their automobile (foreign or domestic) and their year in college (freshman, sophomore, junior, or senior) . The results are shown in the table below.

Find the probability that a randomly selected student is both a sophomore and drives a foreign automobile.

• A) \(65 / 110\)
• B) \(65 / 350\)
• C) \(45 / 350\)
• D) \(65 / 205\)

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Definitions:

Effective Interest Rate

The real rate of interest earned or paid on an investment, loan, or other financial product, accounting for the effects of compounding.

Bank Discounts

An interest deduction from the face value of a note, payable by the borrower at the time a loan is issued.

Reversing Entry

An accounting method used to reverse the impact of certain journal entries made in the previous accounting period for the sake of simplicity in future record keeping.

Interest Accrued

The accumulated interest on a loan or bond that has not yet been paid to the lender.