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

question 21

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,the probability that a randomly selected individual is a child or prefers hamburgers is ________.

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Definitions:

Liquidity Positions

A financial term referring to the ability of a company or individual to meet its short-term financial obligations with its liquid assets.

Net Sales

Net sales are the total revenue from goods or services sold by a company, minus returns, allowances for damaged or missing goods, and discounts.