The Following Table Lists the World's Five Largest Employers, Along

question 132

Multiple Choice

The following table lists the world's five largest employers, along with their industry and nationality (BBC News, March 19, 2012) .You plan to randomly choose one employer from the group.Are the events "choosing an employer in the health care industry" and "choosing an employer headquartered in the UK" statistically independent?

• A)Yes, the two events are statistically independent.
• B)No, the two events are not statically independent.
• C)Statistical independence cannot be determined based on the information given.

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Definitions:

Cost of Goods Sold

Direct expenses involved in the fabrication of goods a company markets, including costs for materials and labor.

Freight-In

The cost associated with transporting goods into a warehouse or business, typically included in the cost of goods sold (COGS).

Beginning Inventory

refers to the value of inventory on hand at the start of an accounting period.

Purchase Discounts

Reductions in price given by a supplier to a buyer for prompt payment of their invoice.