Of the 1470 Applicants to a College Program,760 Were Accepted,269

question 53

Multiple Choice

Of the 1470 applicants to a college program,760 were accepted,269 were wait-listed,and 441 were turned away for lack of space.Find the relative frequency distribution of the decisions made,and write a sentence describing it.

• A)1470 students applied for admission to the college program.52% were accepted,18% were wait-listed,and 30% were turned away.
• B)1470 students applied for admission to the college program.52% were accepted,and 48% were turned away.
• C)1470 students applied for admission to the college program.52% were accepted,35% were wait-listed,and 30% were turned away.
• D)1470 students applied for admission to the college program.52% were accepted,35% were wait-listed,and 58% were turned away.
• E)1470 students applied for admission to the college program.70% were accepted,and 30% were turned away.

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Definitions:

Sergei's Profit

A hypothetical measure of earnings named for an individual, illustrating the net gain after subtracting expenses from revenue.

Market Price

The ongoing transaction price for purchasing or offloading an asset or service.

Profit Maximization

A business's objective to achieve the highest possible profits through the management of revenues and costs, often through adjusting price, output, and production efficiency.

All-Natural Ice Cream

Ice cream made using only natural ingredients, without artificial flavors, colors, or preservatives.