In a Business Class,33% of the Students Have Never Taken

question 5

Multiple Choice

In a business class,33% of the students have never taken a statistics class,42% have taken only one semester of statistics,and the rest have taken two or more semesters of statistics.The professor randomly assigns students to groups of three to work on a project for the course.What is the probability that the first group mate you meet has studied no more than one semester of statistics?

• A)0.42
• B)0.25
• C)0.58
• D)0.75
• E)0.33

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Definitions:

Markup Percentage

The ratio of profit added to the cost price of goods to determine the selling price, expressed as a percentage of the cost.

Markup Percentage

Markup Percentage is the difference between the cost of a product or service and its selling price, expressed as a percentage of the cost, used to determine the selling price.

Wholesale Price

The cost of goods sold in bulk to retailers or distributors, typically lower than retail prices.

Retail Price

The price for which retailers sell an item.