The Copy Machine in an Office Is Very Unreliable

question 39

Multiple Choice

The copy machine in an office is very unreliable.If it was working yesterday, there is an 80% chance it will work today.If it was not working yesterday, there is a 10% chance it will work today.If it is working today, what is the probability that it will be working 2 days from now?

• A)0.16
• B)0.64
• C)0.66
• D)0.80

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Definitions:

Capital Stock

The total amount of shares that a company is authorized to issue, representing the main source of equity for the company.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often with fixed dividend payments.

Common Stock

Shares of ownership in a corporation, giving holders voting rights and a claim on profits in the form of dividends.

Capital Stock

The total amount of a company's capital, represented by the shares of its stock.