Let's Assume You Are Having a Party and Have Stocked

question 25

Multiple Choice

Let's assume you are having a party and have stocked your refrigerator with beverages. You have 12 bottles of Coors beer, 24 bottles of Rainier beer, 24 bottles of Schlitz light beer, 12 bottles of Hamms beer, 2 bottles of Heineken dark beer and 6 bottles of Pepsi soda. You go to the refrigerator to get beverages for your friends. In answering the following question assume you are randomly sampling without replacement. What is the probability the first beverage you get is a beer?

• A) 0.9250
• B) 0.9000
• C) 0.9487
• D) 0.7750

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Definitions:

Control

The ability to shape or control the actions of others or the progression of events.

Sole Proprietorship

A business structure where a single individual owns and operates the business.

Corporate Income Tax

A tax on the income or profit of corporations, which contributes to government revenue.

Gross Investment

The total amount of money spent on capital goods, or assets intended to produce future income, not accounting for depreciation.