The Following Table Contains Data from a Study of Two

question 49

Multiple Choice

The following table contains data from a study of two airlines which fly to Small Town, USA. If one flight is selected, find P(on time and Upstate Airlines) . $\begin{array}{l|cc} & \begin{array}{l}\text { Number of flights } \\\text { which were on time }\end{array} & \begin{array}{c}\text { Number of flights } \\\text { which were late }\end{array} \\\hline \text { Podunk Airlines } & 33 & 6 \\\text { Upstate Airlines } & 43 & 5\end{array}$

• A) \(\frac { 11 } { 76 }\)
• B) \(\frac { 43 } { 76 }\)
• C) \(\frac { 43 } { 87 }\)
• D) None are correct

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Definitions:

Higher Profits

Describes an increase in the financial gains of a business after all expenses have been deducted.

Per Se Violation

An action deemed illegal, without the need for further evidence of its harm or anticompetitive effect, under certain laws or regulations.

Antitrust Law

Laws protecting commerce from unlawful restraints and anticompetitive practices.

Restraint On Trade

Practices or agreements that restrict free competition and trade, often scrutinized and regulated by law.