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

question 47

Multiple Choice

The two-way table summarizes data from the human resource department at a university: New Hires $\begin{array}{l|cc|l} & { Tenure}&{ Adjunct } & \text { Total } \\\hline \text { Men } & 15 & 20 & 35 \\\text { Women } & 15 & 20 & 35 \\\hline \text { Total } & 30 & 40 & 70\end{array}$ 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:

Compound Interest

The interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.

Exponential Growth

A growth pattern characterized by the rate of increase becoming quicker relative to the growing total number or size.

Financial Calculation

The process of determining financial figures, often involving interest, cash flows, investments, margins, and returns analysis.

Percentage

A part or portion of a whole, expressed as a fraction of 100, used to quantify relative differences or changes.