Each Manager of a Corporation Was Rated as Being Either $\frac { 81 } { 160 }$

question 53

Short Answer

Each manager of a corporation was rated as being either a good, fair, or poor manager by his/her boss. The manager's educational background was also noted. The data appear below:

What is the probability that a randomly chosen manager is either a good managers or has an advanced degree?
A) $\frac { 81 } { 160 }$

B) $\frac { 13 } { 160 }$

C) $\frac { 47 } { 80 }$

D) $\frac { 147 } { 160 }$

• A) \(\frac { 81 } { 160 }\)
• B) \(\frac { 13 } { 160 }\)
• C) \(\frac { 47 } { 80 }\)
• D) \(\frac { 147 } { 160 }\)

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Definitions:

Taxable Income

The amount of an individual's or corporation's income used to determine how much tax is owed, calculated as gross income minus deductions and exemptions.

Energy-Efficient Furnace

A heating system designed to use less energy for the same level of heating comfort compared to less efficient models.

Exemption

Information included on tax forms that lowers taxes; exemptions include dependents as well as the taxpayer.

Taxable Income

The portion of income used to calculate how much tax an individual or a corporation owes to the government, after all deductions and exemptions.