The Two-Way Table Summarizes Data from the Human Resource Department

question 74

Multiple Choice

The two-way table summarizes data from the human resource department at a university:
New Hires
What is the probability (rounded to two decimal places) that a randomly selected new hire is a tenure-track woman?

• A)0
• B)0.21
• C)0.43
• D)0.15
• E)0.50

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Definitions:

Payroll Tax

Burdens placed on employers along with their employees, customarily determined as a percentage of the staff's wages.

Corporate Profits Tax

A tax imposed on the income or profit of corporations.

Long Run

A time frame where every element of production and expenses can vary, enabling complete adaptation to any shifts.

Capital/Labor Intensity

A measure of the ratio of capital to labor in the production process, indicating whether an economy or sector relies more on capital investment or labor.