How Likely Is It That in a Group of 400

question 14

Multiple Choice

How likely is it that in a group of 400 people,the majority have blue eyes,given that 22% of the population have blue eyes? Assume that the people are unrelated to each other.

• A)Yes.
• B)No.200 is more than 10% of the population.
• C)No.More than two outcomes are possible.
• D)No.The chance of blue eyes changes from one person to the next.
• E)No.More than 10% of the population have blue eyes.

Identify the forms of business that provide owners with limited liability.

Understand the impact of business ownership forms on control, decision-making, and regulatory obligations.

Recognize how businesses are acquired and their implications for ownership and control.

Describe the concept of unlimited liability and identify which forms of business are associated with it.

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Definitions:

Dependent Variable

The variable in an experiment or model that is expected to change in response to changes in the independent variable(s).

Scatterplot

A type of plot or mathematical diagram using Cartesian coordinates to display values for typically two variables for a set of data, showing the relationship between them.

Variables

Elements, characteristics, or conditions that can change or vary in a mathematical or statistical experiment.

Outliers

Data points that are significantly different from or inconsistent with the remainder of the dataset.