The results of a census of 2,500 employees of a mid-sized company with 401(k) retirement accounts are as follows: 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?
A) 0.9200
B) 0.0800
C) 0.6160
D) 0.4040

Question

The results of a census of 2,500 employees of a mid-sized company with 401(k) retirement accounts are as follows:  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?
A) 0.9200 
B) 0.0800 
C) 0.6160 
D) 0.4040

Quizplus · Accepted Answer

The Answer of The results of a census of 2,500 employees of a mid-sized company with 401(k) retirement accounts are as follows:  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?
A) 0.9200 
B) 0.0800 
C) 0.6160 
D) 0.4040

The Results of a Census of 2,500 Employees of a Mid-Sized