A Poll Was Taken of 14,499 Working Adults Aged $40 - 70$

question 47

Multiple Choice

A poll was taken of 14,499 working adults aged $40 - 70$ to determine their level of educatic The participants were classified by sex and by level of education. The results were as folli
$\begin{array}{cccc}\hline \text { Education Level } & \text { Male } & \text { Female } & \text { Total } \\\hline \text { High School or Less } & 3157 & 2794 & 5951 \\\text { Bachelor's Degree } & 3723 & 3714 & 7437 \\\text { Master's Degree } & 529 & 482 & 1011 \\\text { Ph.D. } & 50 & 50 & 100 \\\hline \text { Total } & 7459 & 7040 & 14,499\end{array}$
A person is selected at random. Compute the probability that the person is female and has bachelor's degree.

• A) 0.528
• B) 0.998
• C) 0.256
• D) 0.257

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Definitions:

Inflation

The upward movement in the general price index of goods and services, which diminishes the purchasing ability.

Total Return

The overall financial gain or loss on an investment over a specific period, including dividends, interest, and capital gains.

Market

The collective system of buying, selling, and trading goods, services, or financial instruments among buyers, sellers, and intermediaries.

Discounted

Discounted involves adjusting the value of future cash flows to their present value using a specific interest rate, to account for time and risk.