The Private College Would

question 44

Multiple Choice

The private college would:

• A) Record contribution revenue in the amount of $50,548 in 2011.
• B) Record contribution revenue in the amount of $50,548 in 2012.
• C) Record contribution revenue in the amount of $12,000 in each of the years 2012, 2013, 2014, 2015 and 2016.
• D) None of the above

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Definitions:

P(B)

The probability of event B occurring.

Relative Frequency Approach

A method of probability assessment that involves observing the outcomes of a random experiment to estimate the probability of each outcome by dividing the number of times a specific outcome occurs by the total number of trials.

Long Term

Referring to an extended period of time, typically considered to be several years or more.

Past Data

Refers to previously collected or observed data used for analysis, comparison, or prediction.