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:

Loyal

Exhibiting strong allegiance or fidelity to a person, cause, or organization.

Adam Smith

An 18th-century Scottish economist and philosopher, best known for his works "The Wealth of Nations," a cornerstone of modern economic theory.

Invisible Hand

A metaphor introduced by Adam Smith to describe the unintended social benefits of individual self-interest actions.

Free Market

An economic system in which prices for goods and services are determined by the open market and consumers, where the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.