11) The data given below were taken from a study about the preferred payment method (cash or credit card). The table below indicates the numbers of people in the study according to their gender and preferred payment method. Men Women a. 0.4 b. 0.6667 Cash 200 100 If a woman is selected, what is the probability that she prefers the credit card payment method? c. 0.75 d. 0.25 Credit Card 300 200
11) The data given below were taken from a study about the preferred payment method (cash or credit card). The table below indicates the numbers of people in the study according to their gender and preferred payment method. Men Women a. 0.4 b. 0.6667 Cash 200 100 If a woman is selected, what is the probability that she prefers the credit card payment method? c. 0.75 d. 0.25 Credit Card 300 200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Sh30

Transcribed Image Text:11) The data given below were taken from a study about the preferred payment method
(cash or credit card). The table below indicates the numbers of people in the study
according to their gender and preferred payment method.
Men
Women
a. 0.4
b. 0.6667
Cash
200
100
If a woman is selected, what is the probability that she prefers the credit card payment
method?
c.
0.75
d. 0.25
Credit Card
300
200
12) A sample is a subset of the population. But, the sample mean
a. is always smaller than the mean of the population.
b.
is always larger than the mean of the population.
C. must be equal to the mean of the population.
d.
can be larger, smaller, or equal to the mean of the population.
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