Use the Following Table to Answer Questions

question 53

Essay

Use the following table to answer questions . A random sample of college students was asked to respond
to a survey about how they spend their free time on a week night. One question, summarized in the table below,
asked each respondent to choose the one activity that they are most likely to participate in on a Wednesday
afternoon/evening. The activity choices were homework, housework, outside employment, recreation, or other.
-If one person is chosen randomly from the group, what is the probability that the person is working on their homework on a Wednesday afternoon/evening? (round to the nearest thousandth)

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Definitions:

Maturity Date

The specified date on which the final payment of a loan or financial instrument must be paid, at which point the principal (and all remaining interest) is due to be paid.

Leap Years

Years with 366 days, occurring every four years, to keep the calendar year synchronized with the astronomical year.

Surety Financing Company

A surety financing company provides financial guarantees for obligations made by the principal, ensuring contract completion in the event of default.

Discounted

A reduction applied to the regular price of products or services, often used as an incentive for customers.