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:

Bankruptcy

A legal process through which individuals or businesses unable to meet their financial obligations can seek relief from some or all of their debts.

Real Defense

In negotiable-instruments law, any defense that can be used against everyone, including holders in due course. Also called absolute defense and universal defense.

Duress

An action by one party that forces another party to do what need not be done otherwise.

Personal Defense

In negotiable-instruments law, a defense that can be used against a holder but not against a holder in due course of a negotiable instrument. Also called limited defense.