Provide an Appropriate Response

question 33

Essay

Provide an appropriate response.
-Probabilities are useful in the decision-making process. Suppose a random sample of 152 students was surveyed regarding an instructor's teaching. Suppose 105 students rated the instructor either excellent or above average on lecture presentations, 96 students rated the instructor as giving difficult or very difficult assignments and tests. Would you take this instructor for a class? Discuss the influence of probabilities on making this decision.

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Definitions:

Federal Government Budget

An annual financial statement presenting the government's proposed revenues and spending for a financial year.

Servicing Debt

The process of paying interest and principal on borrowed funds, typically on a regular basis.

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, leading to a negative balance of trade.

Publicly Held

Refers to a company owned by public investors through publicly traded shares, as opposed to being privately owned.