The Table Shows the Number of Each Type of Book

question 11

Essay

The table shows the number of each type of book found at an online auction site during a recent search. Suppose that Juanita randomly chose one book to bid on and then noted its type.
$$\begin{array} { | l | c | } \hline { \text { Type of Book } } & \text { Number } \\\hline \text { Children's } & 51,033 \\\hline \text { Fiction } & 141,114 \\\hline \text { Nonfiction } & 253,074 \\\hline \text { Educational } & 67,252 \\\hline\end{array}$$ a. List the sample points for this experiment.
b. Find the probability of each sample point.
c. What is the probability that the book was nonfiction or educational?

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Definitions:

Prepaid Expense

Expenses paid in advance for goods or services to be received in the future, recorded as an asset on the balance sheet until consumed.

Accrued Liabilities

Expenses that have been incurred but not yet paid or recorded in the company's ledger, representing future outflows of cash.

Common Stock Account

An equity account on a company's balance sheet representing the total value of common shares that have been issued.

Balance Sheet

A financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition and net worth.