Basketball Team A Basketball Team at a University Is Composed of Ten

question 165

Multiple Choice

Basketball Team
A basketball team at a university is composed of ten players.The team is made up of players who play either guard,forward,or center position.Four of the ten are guards; four of the ten are forwards; and two of the ten are centers.The numbers of the players are 1,2,3,4,for the guards; 5,6,7,8 for the forwards; and 9 and 10 for the centers.The starting five are numbered 1,3,5,7,and 9.Let a player be selected at random from the ten.Define the following events:
A = player selected has a number from 1 to 8.
B = player selected is a guard.
C = player selected is a forward.
D = player selected is a starter.
E = player selected is a center.
-P(B and D) is equal to:

• A) 0.80.
• B) 0.40.
• C) 0.50.
• D) 0.20.
• E) 0.30.

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Definitions:

Cash Basis

An accounting method where revenues are recognized when cash is received, and expenses are recorded when cash is paid out.

Accounting

The systematic process of recording, summarizing, and analyzing an organization's financial transactions.

GAAP

Generally Accepted Accounting Principles; the common set of accounting standards and procedures used in the U.S.

Accrual Basis

The accrual basis of accounting records revenues and expenses when they are earned or incurred, regardless of when cash is exchanged.