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:

Promissory Note

A financial document in which one entity guarantees to pay a certain amount of money to another, either when asked or at an agreed-upon date in the future.

Discount Rate

The interest rate used in discounted cash flow analysis to determine the present value of future cash flows.

Canadian Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, calculated by Statistics Canada.

Annual Rate of Inflation

The percentage increase in the cost of goods and services over a one-year period.