In a Management Trainee Program, 80 Percent of the Trainees

question 64

Multiple Choice

In a management trainee program, 80 percent of the trainees are female, 20 percent male. Ninety percent of the females attended college, 78 percent of the males attended college. A management trainee is selected at random. What is the probability that the person selected is a female who did NOT attend college?

• A) 0.20
• B) 0.08
• C) 0.25
• D) 0.80

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Definitions:

Market Value

The prevailing market price for acquiring or disposing of an asset or service.

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuer, which may not reflect the market value.

Net Loss

The amount by which total expenses exceed total revenues for a business, indicating a negative financial performance for a specific period.

Common Stock

A type of equity security that represents ownership in a corporation, granting holders voting rights and a share in the company’s profits through dividends.