Solve the Problem. -If the Probability That an Identified Hurricane Will Make a Will

question 306

Multiple Choice

Solve the problem.
-If the probability that an identified hurricane will make a direct hit on a certain stretch of beach is 0.04, what are the odds in favor of a direct hit?

• A) 1 to 23
• B) 24 to 1
• C)1 to 25
• D) 1 to 24

---

Definitions:

Subsidiary Company

A company that is controlled by another company, known as the parent company, through majority ownership or significant influence.

Investee Company

A company in which an investor holds a significant interest but not controlling stake.

GAAP

A set of widely adhered to accounting norms and standards that guide financial reporting, known as Generally Accepted Accounting Principles.

Fair Value

An estimate of the market value of an asset or liability based on current market prices or valuations.