Choose the One Alternative That Best Completes the Statement or Answers

question 26

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-The table below shows the results of a consumer survey of annual incomes in 100 households. $$\begin{array} { l | c } \text { Income } & \text { Number of households } \\\hline \$ 0 - 14,999 & 9 \\\hline \$ 15,000 - 24,999 & 25 \\\hline \$ 25,000 - 34,999 & 27 \\\hline \$ 35,000 - 44,999 & 25 \\\hline \$ 45,000 \text { or more } & 14\end{array}$$ What is the probability that a household has an annual income between $15,000 and $44,999 inclusive?

• A) 0.52
• B) 0.5
• C) 0.77
• D) 0.27

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Definitions:

Pleasure

A feeling of happiness, satisfaction, or enjoyment derived from various activities or experiences.

Investment

The act of allocating resources, usually money, with the expectation of generating an income or profit, often involving the purchase of stocks, bonds, or real estate.

Interest Rate

is the cost of borrowing money or the compensation for the service and risk of lending money, expressed as a percentage of the amount borrowed.

Wine Drinkers

Individuals or groups who consume wine, not a specific economic term but may be analyzed in market studies related to beverage consumption.