Men Have a Reputation for Not Wanting to Ask for Directions

question 109

Multiple Choice

Men have a reputation for not wanting to ask for directions. A Harris study conducted for Lincoln Mercury indicated that 42% of men and 61% of women would stop and ask for directions. The U.S. Census Bureau's 2012 population estimate was that for individuals 18 or over, 48.2% were men and 51.8% were women. This exercise addresses this age group. Calculate the probability that the driver stops to ask for directions.

• A) 0.518
• B) 0.420
• C) 0.316
• D) 0.390

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Definitions:

Bank Balance

Bank balance refers to the total amount of money available in a bank account at a specific point in time, as recorded by the financial institution.

Book Balance

The balance in a financial account according to a company's accounting records, not necessarily reflective of available funds.

Statement of Cash Flows

A report detailing the total cash received by a company from its operational activities and external investments, alongside the total cash expenditures for business activities and investments over a specific time frame.

Net Sales Revenue

The amount of revenue from sales of goods or services after subtracting returns, allowances for damaged or missing goods, and discounts.