TABLE 4-8 According to the Record of the Registrar's Office at a at a State

question 143

Short Answer

TABLE 4-8
According to the record of the registrar's office at a state university, 35% of the students are freshman, 25% are sophomore, 16% are junior and the rest are senior. Among the freshmen, sophomores, juniors and seniors, the portion of students who live in the dormitory are, respectively, 80%, 60%, 30% and 20%.
-Referring to Table 4-8, if a randomly selected student does not live in the dormitory, what is the probability that the student is a junior or a senior?

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Definitions:

Primary Liability

The direct responsibility of an entity or individual to pay a debt or damages without first requiring enforcement against another party.

Model Business Corporation Act

A template law designed to standardize the regulation of corporate affairs in the United States, frequently adopted or adapted by state legislatures.

Insolvency

The state of being unable to pay debts as they fall due, or having liabilities exceed the value of assets.

Derivative Action

A lawsuit brought by a corporation's shareholder on behalf of the corporation against a third party, often an insider of the corporation.