A Poll of 120 Ithacans Found That 30 Had Visited

question 145

Multiple Choice

A poll of 120 Ithacans found that 30 had visited the Museum of the Earth, and that 80 had been to
Home Depot. If it appeared that going to Home Depot and going to the Museum of the Earth were
Independent events, how many of those polled had been to both?

• A) 20
• B) It cannot be determined.
• C) 15
• D) 10
• E) 24

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Definitions:

GAAP Format

The presentation of financial statements in accordance with Generally Accepted Accounting Principles, ensuring consistency and comparability.

Fair Value

The estimated price at which an asset could be bought or sold in a current transaction between willing parties, other than in a liquidation sale.

Property Plant

Property, plant, and equipment (PP&E) are tangible fixed assets used in the production or supply of goods and services, minus accumulated depreciation.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by an independent organization, providing a global framework for how public companies prepare and disclose their financial statements.