New Car Owners Were Asked to Evaluate Their Experiences in Buying

question 87

Multiple Choice

New car owners were asked to evaluate their experiences in buying a new car during the past 12 months. In the survey, the owners indicated they were most satisfied with their experiences at the following three dealers (in no particular order) : Subaru, Honda, and Buick. Assuming that each set of rankings is equally likely, what is the probability that owners ranked Subaru first and Honda second?

• A) 1/3
• B) 1/6
• C) 1/2
• D) 5/6
• E) 6/6

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Definitions:

Consolidated Balance Sheet

A financial statement that aggregates the assets, liabilities, and equity of a parent company and its subsidiaries into one document.

Acquisition Date

The specific date on which an acquisition, purchase, or investment transaction is completed or finalized.

Net Assets

The total assets of an entity minus its total liabilities, indicating the entity's net worth or equity value.

Consolidated Financial Statements

Financial statements that present the financial position and results of operations of a parent company and its subsidiaries as one single entity.