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TABLE 4-4
Suppose that patrons of a restaurant were asked whether they preferred water or whether they preferred soda. 70% said that they preferred water. 60% of the patrons were male. 80% of the males preferred water.
-Referring to Table 4-4, suppose a randomly selected patron prefers water. Then the probability the patron is a male is ________.
Usury Statute
Laws regulating the maximum interest rate that can be charged on loans, to protect borrowers from excessively high rates.
Engaging
Captivating or holding someone's interest or attention.
Unenforceable
A term that describes a contract or clause that cannot be legally enforced or compelled in court.
Usurious Interest
refers to the charging of excessively high or illegal rates of interest on loans.
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