A gift that is specified in a will as "I leave $5,000 in cash to my son" is a

A. Demonstrative legacy.
B. General legacy.
C. Specific legacy.
D. Devise.
E. Residual legacy.


Answer: B

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An investor purchased 500 shares of common stock, $25 par, for $21,750. Subsequently, 100 shares were sold for $49.50 per share. What is the amount of gain or loss on the sale?

A) $12,750 gain B) $600 gain C) $600 loss D) $9,250 loss

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The solution space mandates the responsibilities of "entity" classes

Indicate whether the statement is true or false

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P(A|B) = P(B|A) for all events A and B

a. True b. False Indicate whether the statement is true or false

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A local university reports that 3% of its students take their general education courses on a pass/fail basis. Assume that 50 students are registered for a general education course

a. Define the random variable in words for this experiment. b. What is the expected number of students who have registered on a pass/fail basis? c. What is the probability that exactly 5 are registered on a pass/fail basis? d. What is the probability that more than 3 are registered on a pass/fail basis? e. What is the probability that less than 4 are registered on a pass/fail basis?

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