The Age Distribution of Students at a Community College Is

question 107

Multiple Choice

The age distribution of students at a community college is given below. $\begin{array}{lc}\text { Age (years) } & \text { Number of students (f) } \\\hline \text { Under 21 } & 412 \\21-24 & 416 \\25-28 & 274 \\29-32 & 157 \\33-36 & 103 \\37-40 & 54 \\\text { Over 40 } & 95 \\\hline & 1511\end{array}$
A student from the community college is selected at random. Find the probability that the student is under 37 years old. Give your answer as a decimal rounded to three decimal places.

• A)0.099
• B)0.901
• C)0.036
• D)0.068

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Definitions:

Asymmetric Information

A situation in financial markets where one party has more or better information than the other, usually leading to an unfair advantage.

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The process by which a bank or credit card company provides a consumer with a credit card, enabling them to borrow funds for purchases or cash advances.

Optimal Choice

Optimal Choice refers to the best possible decision or selection based on given criteria, constraints, and available options to maximize desired outcomes or benefits.