SCENARIO 4-3 A Survey Is Taken Among Customers of a Fast-Food Restaurant

question 119

Short Answer

SCENARIO 4-3
A survey is taken among customers of a fast-food restaurant to determine preference for hamburger or chicken.Of 200 respondents selected,75 were children and 125 were adults.120 preferred hamburger and 80 preferred chicken.55 of the children preferred hamburger.
-Referring to Scenario 4-3,the probability that a randomly selected individual is a child and prefers chicken is_____ .

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Definitions:

Trade-In Allowance

The amount credited to the buyer by a seller for the value of a traded item, reducing the cost of the new purchase.

Recorded

The action of documenting financial transactions in accounting records, ensuring accuracy and completeness of financial information.

Asset Improvements

Expenditures made to enhance the usefulness, performance, or lifespan of an asset without acquiring a new one.

Ordinary Maintenance

Routine upkeep and repairs necessary to keep equipment, buildings, and other assets in working order, distinct from major renovations or upgrades.