A Family Has a Net Worth of $156,000 and Liabilities

question 77

Multiple Choice

A family has a net worth of $156,000 and liabilities of $167,000,what is the amount of their assets?

• A)$11,000
• B)$156,000
• C)$167,000
• D)$323,000
• E)$452,000

---

Definitions:

Sample Proportions

The fraction or percentage of samples in a category or exhibiting a characteristic, used to estimate population proportions.

Population Proportions

Refers to the share or percentage of a specific subgroup within the overall population.

Variance

Variance quantifies the spread of data points around the average value, showing the extent of their dispersion.

Sample Proportions

The percentage of times a characteristic occurs in a sample as compared to the total sample size.