Instruction 4-3 a Survey Is Taken Among Customers of Fast-Food Restaurants to Restaurants

question 40

Short Answer

Instruction 4-3
A survey is taken among customers of fast-food restaurants to determine preference for hamburgers or chicken.Of 200 respondents selected,75 were children and 125 were adults.120 preferred hamburgers and 80 preferred chicken.55 of the children preferred hamburgers.
-Referring to Instruction 4-3,assume we know that a person has ordered a hamburger.The probability that this individual is a child is ________.

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Definitions:

Capital Contributions

Financial or other assets provided by owners or investors to a company, increasing its equity.

Capital Balance

The amount of funds contributed by owners or partners to a business, plus any retained earnings or subtracted losses, constituting the equity portion of the balance sheet.

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenue.

Income Distribution

Income distribution involves the sharing of a company's profits among its shareholders or the allocation of income across various economic groups in a society.