The Following Distribution Table Represents Preferences for Two Types of Cereals

question 23

Multiple Choice

The following distribution table represents preferences for two types of cereals by 2,000 boys and girls. What is the probability that an individual, whether a boy or girl, prefers nutty cereal?

• A) 500/1,000
• B) 500/2,000
• C) 1,200/2,000
• D) 500/1,200
• E) 800/2000

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Definitions:

NPV Project

A project evaluated using the Net Present Value method, which calculates the present value of all cash flows associated with the project, minus the initial investment.

Straight-Line

A method of calculating depreciation of an asset which assumes the asset will lose an equal amount of value each year over its useful life.

Discount Rate

The interest rate used to discount future cash flows to their present value.

Tax Bracket

A range of incomes taxed at a specific rate; tax brackets result in a progressive tax system, where taxation progressively increases as income grows.