The Ages of Five Randomly Chosen Cars in a Parking

question 31

Multiple Choice

The ages of five randomly chosen cars in a parking garage are determined to be 7, 9, 3, 4, and 6 years old. If weconsider this sample of 5 in groups of 3, what is the probability of the population mean being more than 6years?

• A) 0.4
• B) 0.5
• C) 0.1
• D) 0.6

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Definitions:

Dividend Payout Ratio

A financial ratio that shows the portion of a company's earnings paid out to shareholders as dividends, expressed as a percentage of the company's total earnings.

Earnings per Share

A company's profit divided by its number of common outstanding shares.

Book Value per Share

This is the equity available to common shareholders divided by the number of outstanding shares, indicating the value per share if the company were liquidated.

Return on Total Assets

A financial ratio that measures the efficiency of a company's use of its assets in generating profit, calculated as net income divided by total assets.