Suppose You Are Reading Statistics About a Particular College

question 104

Multiple Choice

Suppose you are reading statistics about a particular college. This college reports that about 30-40% of the student body has been treated for depression. Generalizing from statistics reported in the text, you would know that the students at this college are about ____ as likely to suffer from depression as are students nationwide.

• A) half
• B) equally
• C) twice
• D) four times

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Definitions:

Cash Payments

Financial transactions that involve the transfer of cash to settle a debt or purchase goods and services.

Separate Schedule

A detailed list or report that is prepared apart from the main financial statements or documents.

Noncash Expenses

Expenses reported on the income statement that do not involve actual cash flow, such as depreciation and amortization.

Investments

Assets or items acquired with the goal of generating income or appreciating in value over time.