SCENARIO 4-2 An Alcohol Awareness Task Force at a Big-Ten University Sampled

question 61

Multiple Choice

SCENARIO 4-2
An alcohol awareness task force at a Big-Ten university sampled 200 students after the midterm to
ask them whether they went bar hopping the weekend before the midterm or spent the weekend
studying, and whether they did well or poorly on the midterm.The following result was obtained.
-Referring to Scenario 4-2, what is the probability that a randomly selected student did well on the
Midterm or went bar hopping the weekend before the midterm?

• A) 30/200 or 15%
• B) (80+30) /200 or (30+80) /200 or 55%
• C) (30+70) /200 or (70+30) /200 or 50%
• D) (80+30+70) /200 or (110+100-30) /200 or 90%

---

Definitions:

Freight Costs

Charges incurred for the transportation of goods from one location to another, often considered part of the cost of goods sold.

Credit Memo

A Credit Memo is a document issued by a seller to a buyer, reducing the amount the buyer owes to the seller under specific circumstances, such as returned goods.

Gross Profit

Gross profit is a company's revenue minus its cost of goods sold, representing the profit made before deducting overheads, payroll, taxation, and interest payments.

Discount Period

The discount period is the timeframe during which a payment can be made at a reduced price or interest rate before returning to its original rate.