A Survey Asked 870 People How Many Times Per Week

question 30

Multiple Choice

A survey asked 870 people how many times per week they dine out at a restaurant. The results are presented in the following table.

$\begin{array} { c c } \hline \text { Number of Times } & \text { Frequency } \\\hline 0 & 124 \\1 & 249 \\2 & 245 \\3 & 121 \\4 & 80 \\5 & 20 \\6 & 28 \\7 & 3 \\\hline \text { Total } & 870\end{array}$

Consider the 870 people to be a population. Let X be the number of times per week a person dines out For a person sampled at random from this population. Find the probability that a person dines out 4
Or more times per week.

• A) 0.849
• B) 0.151
• C) 0.059
• D) 0.611

Master the correct counting of days for determining the maturity date of a note.

Evaluate the financial impact of using national credit cards on retail businesses.

Define and differentiate between sales, non-trade, and trade receivables.

Understand medical coding for well-child checks and specific infant conditions.

---

Definitions:

Average Total Cost

The total cost of production divided by the number of units produced, providing a per-unit cost of production.

Oligopolistic Industry

A market structure characterized by a small number of firms that have the power to influence the price of their products or services.

Competitive Price Searchers

Businesses that operate in markets with many competitors and product differentiation, where they have to search for the optimal price to balance attracting customers and earning profits.