A Poll Was Taken of 14,356 Working Adults Aged 40-70

question 164

Multiple Choice

A poll was taken of 14,356 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 folls
$\begin{array}{cccc}\hline \text { Education Level } & \text { Male } & \text { Female } & \text { Total } \\\hline \text { High School or Less } & 3396 & 2340 & 5736 \\\text { Bachelor's Degree } & 3466 & 4026 & 7492 \\\text { Master's Degree } & 522 & 478 & 1000 \\\text { Ph.D. } & 72 & 56 & 128 \\\hline \text { Total } & 7456 & 6900 & 14,356\end{array}$
A person is selected at random. Compute the probability that the person has a master's des ee.

• A) 0.035
• B) 0.033
• C) 0.036
• D) 0.070

---

Definitions:

Universities

Educational institutions focused on higher learning and research, granting academic degrees in a variety of subjects.

Spin-Off Firms

Companies formed by a division or portions of a parent company becoming an independent entity, often to pursue specific objectives or strategies that differ from the parent company.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of a business or enterprise.

Product Innovations

Refers to the introduction of a new or significantly improved product or service that meets new requirements or satisfies existing market needs.