Suppose We Know That for a Particular Population, the Proportion

question 3

Multiple Choice

Suppose we know that for a particular population, the proportion of those age 65 and older who smoke is 0.21.We also know that the proportion of the same population who are younger than 65 and smoke is 0.10.What proportion of the population smokes?

• A) 0.021
• B) 0.31
• C) 0.11
• D) Need more information.

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Definitions:

Par Common Stock

The nominal or face value assigned to a share of common stock in the corporate charter, which may differ from the market value.

Articles of Incorporation

A document filed with a government body to legally document the creation of a corporation, containing essential details about the new entity.

Services

Services are intangible actions or activities that one party provides to another, which do not result in the ownership of anything but can fulfill a need or provide satisfaction.

Par Common Stock

The nominal or face value assigned to common stock shares in the corporate charter, significant for legal and accounting purposes.