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The results of a census of 2,500 employees of a mid-sized company with 401(k) retirement accounts are as follows: Account Balance (to nearest $) Male Female $50,000 635 495 $50,000-$99,99 9 185 210 $100,000-$150, 000 515 260 > $150,000 155 45 Suppose researchers are going to sample employees from the company for further study. Based on the relative frequency assessment method, what is the probability that a randomly selected employee will have a 401(k) account balance less than $150,000? 0.9200 0.0800 0.6160 0.4040

The results of a census of 2,500 employees of a mid-sized company with 401(k) retirement accounts are as follows: Account Balance (to nearest $) Male Female $50,000 635 495 $50,000-$99,99 9 185 210 $100,000-$150, 000 515 260 > $150,000 155 45 Suppose researchers are going to sample employees from the company for further study. Based on the relative frequency assessment method, what is the probability that a randomly selected employee will have a 401(k) account balance less than $150,000? 0.9200 0.0800 0.6160 0.4040

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The results of a census of 2,500 employees of a mid-sized company with 401(k) retirement accounts are as follows: Account Balance (to nearest $) Male Female $50,000 635 495 $50,000-$99,99 9 185 210 $100,000-$150, 000 515 260 > $150,000 155 45 Suppose researchers are going to sample employees from the company for further study. Based on the relative frequency assessment method, what is the probability that a randomly selected employee will have a 401(k) account balance less than $150,000? 0.9200 0.0800 0.6160 0.4040
Transcribed Image Text:The results of a census of 2,500 employees of a mid-sized company with 401(k) retirement accounts are as follows: Account Balance (to nearest $) Male Female $50,000 635 495 $50,000-$99,99 9 185 210 $100,000-$150, 000 515 260 > $150,000 155 45 Suppose researchers are going to sample employees from the company for further study. Based on the relative frequency assessment method, what is the probability that a randomly selected employee will have a 401(k) account balance less than $150,000? 0.9200 0.0800 0.6160 0.4040
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