Solve the Problem. -A Sample of 350 Students Was Selected and Each Was

question 73

Multiple Choice

Solve the problem.
-A sample of 350 students was selected and each was asked the make of their automobile (foreign or domestic) and their year in college (freshman, sophomore, junior, or senior) . The results are shown in the table below.

What percent of seniors drive a domestic automobile?

• A) 71.4%
• B) 28.6%
• C) 7.3%
• D) 4.3%

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Definitions:

Associate

A company in which another company owns a significant portion (usually between 20% and 50%) but not a majority stake, providing it with significant influence.

Equity Entries

Accounting transactions that affect the owners' equity account in a company's balance sheet, such as issuing stock or paying dividends.

Parent Entities

Companies that own more than half of the voting rights of another company or have control over it, making the other company a subsidiary.

Goodwill

An intangible asset that represents the excess value of a company over the fair value of its identifiable assets and liabilities, often arising from acquisitions.