Find the Indicated Probability

question 89

Multiple Choice

Find the indicated probability.
-The following table displays a distribution for a group of retired people by career and age at retirement. Suppose one of these people is selected at random. Compute the probability that the person
Selected was a store clerk. Round your answer to the nearest thousandth.

• A)0.099
• B)0.300
• C)0.025
• D)0.253

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Definitions:

Liability Account

An accounting record that represents a company's legal debts or obligations that arise during business operations.

Other Accounts

Other accounts generally refer to miscellaneous financial accounts on a company's balance sheet that don't fit into standard categories like assets, liabilities, or equity.

Debit Entry

An accounting entry that results in either an increase in assets or expenses, or a decrease in liabilities or equity, on a company's balance sheet.

Account

A record in financial accounting that tracks the financial transactions related to a specific asset, liability, equity, revenue, or expense.