The Results of a Census of 2,500 Employees of a Mid-Sized

question 63

Multiple Choice

The results of a census of 2,500 employees of a mid-sized company with 401(k) retirement accounts are as follows: Suppose researchers are going to sample employees from the company for further study.
Based on the relative frequency assessment method,what is the probability that a randomly selected employee will have a 401(k) account balance of between $25,000 and $49,999?

• A)0.1580
• B)0.1040
• C)0.6160
• D)0.4040

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Definitions:

Profitability Ratios

Financial metrics used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, or shareholders' equity.

Operating Effectiveness

A measure of how well an organization is managing its core business functions to achieve its objectives efficiently and effectively.

Percentage Increase

The amount of increase in a value or quantity, expressed as a percentage of its original value.

Sales

The exchange of goods or services for money, recognized as revenue by businesses.