A Campus Program Evenly Enrolls Undergraduate and Graduate Students

question 117

Multiple Choice

A campus program evenly enrolls undergraduate and graduate students.If a random sample of 4 students is selected from the program to be interviewed about the introduction of a new fast food outlet on the ground floor of the campus building,what is the probability that all 4 students selected are undergraduate students?

• A)0.0256
• B)0.0625
• C)0.16
• D)1.00

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Definitions:

Average Collection Period

The average number of days it takes for a company to receive payment after a sale has been made on credit.

Accounts Receivables

Money owed to a business by its customers for goods or services that have been delivered or used but not yet paid for.

Cost of Goods Sold

Represents the direct costs attributable to the production of goods sold in a company, including the cost of the materials and labor used to create the product.

Leverage Ratios

Financial ratios that measure the extent to which a firm uses debt as a source of financing and its ability to service that debt.