THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 51

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
In a stratified random sample of students on a campus,sample members were asked to rate,on a scale of 1 (poor) to 5 (excellent) ,opportunities for improving the college infrastructure.The results are shown in the table below.

-If a total sample of 150 students is taken,determine the number of freshmen and sophomores under the optimum allocation scheme,assuming that the stratum population standard deviations are the same as the corresponding sample values.

• A)89.15
• B)71.86
• C)38.48
• D)60.85

Calculate simple probabilities and understand their real-world applications.

Apply principles of probability to evaluate outcomes of specific events.

Differentiate between dependent and independent events.

Understand and apply concepts of the complement of an event.

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Definitions:

Net Income

The amount of revenue left over after deducting all expenses, taxes, and costs from total revenue.

Cost of Goods Sold

The direct costs attributable to the production of goods sold by a company, including materials and labor.

Contra-Asset

An account on a company's balance sheet that reduces the value of an asset, often used for accumulated depreciation.

Current Asset

Any asset that is expected to be converted into cash within one year or within the normal operating cycle of a business.