A Local Country Club Has a Membership of 600 and Operates

question 123

Multiple Choice

A local country club has a membership of 600 and operates facilities that include an 18-hole championship golfcourse and 12 tennis courts. Before deciding whether to accept new members, the club president would like toknow how many members regularly use each facility. A survey of the membership indicates that 68% regularlyuse the golf course, 47% regularly use the tennis courts, and 6% use neither of these facilities regularly. Giventhat a randomly selected member uses the tennis courts regularly, find the probability that they also use thegolf course regularly.

• A) 0.447
• B) 0.309
• C) 0.183
• D) 0.223

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Definitions:

Ten Principles of Economics

A foundational concept in economics that outlines the basic principles guiding economic decisions and behaviors, such as scarcity, cost, and efficiency.

Fed

The Federal Reserve System, the central banking system of the United States, which regulates the U.S. monetary and financial system.

Lender of Last Resort

An institution, usually a country's central bank, that offers loans to banks or other eligible institutions that are facing financial difficulty or are considered highly risky.

Fed

Short for the Federal Reserve System, which is the central banking system of the United States responsible for monetary policy.