According to a Survey of American Households,the Probability That the Residents

question 82

Multiple Choice

According to a survey of American households,the probability that the residents own 2 cars if annual household income is over $50,000 is 80%.Of the households surveyed,60% had incomes over $50,000 and 70% had 2 cars.The probability that the residents of a household do not own 2 cars and have an income over $50,000 a year is:

• A)0.12
• B)0.18
• C)0.22
• D)0.48

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Definitions:

Paid-in Capital

Funds raised by a company through the issuance of shares, representing the capital contributed by shareholders.

Dividends in Arrears

Dividends in arrears are dividends that a corporation has not yet paid out to its shareholders for preferred stock, accumulative from prior periods.

Repurchase

The act of buying back previously sold stock or bonds from the market or shareholders by the issuing company, often to reduce the amount of outstanding shares and increase the value of remaining shares.

Book Value

Book value is the net value of a company's assets found on its balance sheet, calculated as the total assets minus intangible assets and liabilities.