The Table Shows Sales in Thousands of Units of IPods^(R)

question 242

Multiple Choice

The table shows sales in thousands of units of iPods^(R) , Powerbooks^(R) and iMac^(R) in the fourth quarter of 2003. $$\begin{array} { | l | l | l | l | } \hline & \text { iPods(R) } & \text { Powerbooks(R) } & \text { iMac(R) } \\\hline \text { Units } ( \mathbf { 1 } , \mathbf { 0 0 0 } ) & 1,050 & 220 & 270 \\\hline\end{array}$$ Compute the probability that the item sold in 2003 Q4 was either the iPod^(R) or the iMac^(R) .

• A)0.82
• B) 0.86
• C) 0.18
• D) 0.32
• E) 0.14

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Definitions:

Indorsed in Blank

A signature on a financial instrument, such as a check or bill of exchange, without naming a beneficiary, allowing any holder to claim the document's value.

Bearer Paper

A negotiable instrument or securities that are payable to the holder or the person possessing the document.

Holder in Due Course

A party who has acquired a negotiable instrument in good faith and for value, and thus has certain rights to collect the instrument free of many defenses.

Negotiated

Involves parties coming together to discuss and settle on the terms of an agreement, contract, or settlement through dialogue and compromise.