Bonus Money Totalling $920,000 Is to Be Shared by Dave

question 158

Multiple Choice

Bonus money totalling $920,000 is to be shared by Dave, Claude, Marcel, and Larry by the ratio 15: 11: 8: 6. How much will Dave receive?

• A) $253,000
• B) $460,000
• C) $345,000
• D) $368,000
• E) $312,000

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Definitions:

P-Value

A statistical measure that helps scientists determine the significance of their research results.

Retention Rate

A metric usually used to measure the percentage of individuals or employees who remain engaged with an institution, company, or program over a given period.

Random Sample

A sample drawn in such a way that every member of the population has an equal chance of being selected.

Null Hypothesis

A statement used in statistical testing, which proposes that no significant difference exists between certain characteristics of a population.