Employees of a Local University Have Been Classified According to Gender

question 109

Multiple Choice

Employees of a local university have been classified according to gender and job type. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { Gender }$

$\begin{array} { l c c } \text { Job } & \text { Male (M) } & \text { Female (F) } \\\text { Faculty (FA) } & 110 & 10 \\\text { Salaried staff (SS) } & 30 & 50 \\\text { Hourly staff (HS) } & 60 & 40\end{array}$
If an employee is selected at random,what is the probability that the employee is a member of the faculty?

• A)0.333
• B)0.600
• C)0.550
• D)0.400
• E)0.917

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Definitions:

Forward Interest Rate

The interest rate agreed upon today for a loan that will start at a future date, often implied in the terms of a forward rate agreement.

Zero-Coupon Bond

Is a debt security that doesn't pay interest (a coupon) but is traded at a deep discount, providing profit at maturity when the bond is redeemed for its full face value.

Rate Of Return

The gain or loss on an investment over a specified time period, expressed as a percentage of the investment’s cost.

Break-Even Interest Rate

The interest rate at which an investment generates returns that are sufficient to cover the costs associated with the investment, resulting in a net profit of zero.