At a certain university, 70% of the students own cars. However, only 45% of the
residence hall students own cars. Are the events owning a car and living in a residence
hall independent? Explain.
What will be an ideal response?
No; P(owning car) = .7 and P(owning car | residence hall) = .45; Since these probabilities are not equal, the events
are not independent.
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A leader of a nonprofit organization is designing a new type of water purification system to improve living conditions for poor children. Which type of entrepreneurship is the leader demonstrating?
A. private B. public C. health D. social
Per the Sarbanes-Oxley Act of 2002, public corporations must establish a compensation committee to determine how its top executives will be compensated
Indicate whether the statement is true or false
Inelastic demand for a product means that if the product's price goes up, demand for it increases, but if a product's price goes down, demand decreases
Indicate whether the statement is true or false
Chaleff’s follower style called “partner” is most similar to ______.
A. Uhl-Bien’s powerful follower B. Kellerman’s participant follower C. Zaleznik’s compulsive follower D. Kelley’s exemplary follower