The Data Below Show the Types of Medals Won by Athletes

question 209

Essay

The data below show the types of medals won by athletes representing the United States in the Winter Olympics. Suppose that one medal is chosen at random and the type of medal noted. $$\begin{array} { l l l l l l l } \text { gold } & \text { gold } & \text { silver } & \text { gold } & \text { bronze } & \text { silver } & \text { silver } \\\text { bronze } & \text { gold } & \text { silver } & \text { silver } & \text { bronze } & \text { silver } & \text { gold } \\\text { gold } & \text { silver } & \text { silver } & \text { bronze } & \text { bronze } & \text { gold } & \text { silver } \\\text { gold } & \text { gold } & \text { bronze } & \text { bronze } & & &\end{array}$$ a. List the sample points for this experiment. b. Find the probability of each sample point. c. What is the probability that the medal was not bronze?

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Definitions:

EPS

Earnings Per Share, a company's profit divided by the number of outstanding shares of its common stock.

Equity Multiplier

A financial leverage ratio that measures the portion of a company's assets that are financed by stockholder's equity.

Degree Of Total Leverage

A measure that quantifies the sensitivity of a company's earnings before interest and taxes to a change in its sales.

Financial Leverage

The use of borrowed capital or debt to increase the potential return of an investment.