Use the Following Information for Questions

question 65

Multiple Choice

Use the following information for questions
One thousand students at a city high school were classified both according to GPA and
whether or not they consistently skipped classes.Here are the breakdowns:
-What is the probability that a randomly selected student has a GPA under 2.0 and has consistently skipped classes?

• A)0.080
• B)0.281
• C)0.285
• D)0.314
• E)0.727

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Definitions:

Computerized Accounting System

An accounting system that utilizes software to record, store, and process financial transactions and data.

Month-end Postings

The journal entries made at the end of the month to record all transactions and adjustments for that month.

Financial Year

A period of twelve months used for accounting purposes and the preparation of financial statements, not necessarily aligning with the calendar year.

Cash Receipts Journal

A specialized accounting journal used to record all money that is received by a business.