The Results of a Census of 2,500 Employees of a Mid-Sized

question 31

Multiple Choice

The results of a census of 2,500 employees of a mid-sized company with 401(k) retirement accounts are as follows: Suppose researchers are going to sample employees from the company for further study. Based on the relative frequency assessment method, what is the probability that a randomly selected employee will have a 401(k) account balance less than $150,000?

• A) 0.9200
• B) 0.0800
• C) 0.6160
• D) 0.4040

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