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

question 85

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.
Compute the probability that a randomly selected employee will be a female with an account balance between $50,000 and $99,999.

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

---

Definitions:

Competitive Firm

A company operating in a market where there are many buyers and sellers, each with negligible impact on market prices and conditions.

Profit-maximizing

The process of adjusting production and operational variables to achieve the highest possible profit margins.

Vertical Distance

The measure of the difference in height between two points, often used in mathematics and geography.

Unit Price

The cost per unit of quantity of a product, allowing consumers to compare prices between different sized packages of the same item.