A Researcher Is Using a Random Number Table to Pick $5 / 7$

question 64

Multiple Choice

A researcher is using a random number table to pick between two groups labelled X and Y. X is to be chosen with a probability of $5 / 7$ and Y with a probability of $2 / 7$ The researcher assigns the digits {1, 2, 3,
4, 5} to X and the digits {6, 7} to Y. The researcher uses this section of a random number table: $$6943047639$$ What are the first and second choices?

• A) The first choice is X and the second choice is X
• B) The first choice is X and the second choice is Y
• C) The first choice is Y and the second choice is X
• D) The first choice is Y and the second choice is Y

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Definitions:

Revenue

Revenue is the total amount of money that a company receives from its activities, mainly from sales of products or services, before any expenses are subtracted.

Original Cost

The purchase price of an asset or service, including installation fees, transportation charges, and any other expenses necessary to make the asset operational.

Depreciation Expense

This refers to the allocation of the cost of a tangible asset over its useful life, representing how much of the asset's value has been used up during an accounting period.