Given the Contingency Table Shown Here, Find the Probability That $\quad$

question 123

Multiple Choice

Given the contingency table shown here, find the probability that a randomly chosen individual is a female economics major. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { Major }$
$\begin{array} {| c | c | c | c | c| } \hline\text { Gender } & \text { Accounting } ( A ) & \text { Gen. Mgmt. } ( G ) & \text { Economics } ( E ) & \text { Row Total } \\\hline\text { Male } ( M ) & 210 & 180 & 140 & 530 \\\hline \text { Female } ( F ) & 150 & 160 & 160 & 470 \\\hline \quad \text { Col Total } & 360 & 340 & 300 & 1000\\\hline\end{array}$

• A).3404
• B).4700
• C).1600
• D).5333

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Definitions:

Cash Flow Statement

A financial statement that shows the flow of cash in and out of a business during a specific period, highlighting operating, investing, and financing activities.

Accumulated Depreciation

The cumulative total of all depreciation charges applied to an asset from the time it was first used.

Common Stock

Equity ownership in a corporation, giving shareholders voting rights and a share in the company's profits through dividends and capital appreciation.

Depreciation Expense

The portion of the cost of a fixed asset that is systematically allocated as an expense to each period that the asset is used and generates revenue.