The Following Distribution Table Represents Preferences for Two Types of Cereals

question 30

Multiple Choice

The following distribution table represents preferences for two types of cereals by 2,000 boys and girls. Find the probability that a person prefers Fruity cereal given that the person is a boy.

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

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Definitions:

Weak Form Efficiency

A form of market efficiency where all past trading information is already reflected in stock prices, implying that technical analysis cannot yield consistent excess returns.

Market Efficiency

A concept that describes the extent to which market prices fully reflect all available information, making it impossible to consistently achieve higher-than-normal returns.

Well-Organized Markets

Financial markets that are structured in a manner to ensure transparency, fair trading practices, and efficiency.

Semi-Strong Efficiency

A form of market efficiency where asset prices fully reflect all publicly available information.