If We Randomly Select an Individual from a Population Consisting

question 136

True/False

If we randomly select an individual from a population consisting of 60 males and 40 females,the probability of selecting a male is 60/100 = .60.

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Definitions:

Negotiable Instrument

A paper ensuring the payment of a certain sum of money, either upon request or at a predetermined time, with the document specifying the person responsible for payment.

Rights

Entitlements or freedoms that are guaranteed by law, tradition, or ethical principles, which allow individuals to perform certain actions or claim specific benefits.

Maker

In legal or financial contexts, the party that creates or issues a promissory note, check, or other negotiable instrument.

Pay

The compensation or wage given to an employee in exchange for their work or service.