Instruction 4 -Referring to Instruction 4

question 27

Multiple Choice

Instruction 4.2
An alcohol awareness task force at a large Australian university sampled 200 students after the final exam to ask them whether they went out to a pub on the weekend before the exam or spent the weekend studying, and whether they did well or poorly on the exam. The following result was obtained.
$$\begin{array} { | l | l | l | } \hline & \text { Did Well on Exam } & \text { Did Poorly on Exam } \\\hline \text { Studying for Exam } & 80 & 20 \\\hline \text { Went to a pub } & 30 & 70 \\\hline\end{array}$$
-Referring to Instruction 4.2,the events 'Did Well on Exam' and 'Studying for Exam' are

• A) not statistically dependent.
• B) collective exhaustive.
• C) not mutually exclusive.
• D) None of the above.

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Definitions:

Premium

An amount paid in excess of a standard price or value, often related to insurance policies, bonds above par, or quality products.

Annual Amortization

The process of spreading out a loan or intangible asset cost over a specific period of time for accounting and tax purposes.

Interest Expense

The cost incurred by an entity for borrowed funds over a specified period of time.

Bond Discount

Bond discount occurs when a bond is issued for less than its face value, with the discount amount representing the difference between the bond's face value and issued price.