If a Sportscaster Makes an Educated Guess as to How

question 6

Multiple Choice

If a sportscaster makes an educated guess as to how well a team will do this season, he is using what type of probability?

• A) classical probability
• B) conditional probability
• C) empirical probability
• D) subjective probability

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Definitions:

Equipment

Tangible property used in operations, such as machinery and hardware, that contribute to the production or service of a business.

Inventory

A company's merchandise, raw materials, and finished and unfinished products which have not yet been sold; considered an asset on the balance sheet.

Book Value

The net asset value of a company calculated as total assets minus intangible assets and liabilities.

Net Income

The residual income a company has after expenses and taxes are deducted from its total income.