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Find the Indicated Probability What Is the Probability That a Randomly Selected Person Was

question 63

Multiple Choice

Find the indicated probability.
-The following table show the results of a clinical trial for an allergy drug.  Allergy  drug  Placebo  Control  (no treatment)   Total  Improvement 1458541271 No improvement 5511559229 Total 200200100500\begin{array} { l | c | c | c | c } & \begin{array} { c } \text { Allergy } \\\text { drug }\end{array} & \text { Placebo } & \begin{array} { c } \text { Control } \\\text { (no treatment) }\end{array} & \text { Total } \\\hline \text { Improvement } & 145 & 85 & 41 & 271 \\\text { No improvement } & 55 & 115 & 59 & 229 \\\text { Total } & 200 & 200 & 100 & 500\end{array} What is the probability that a randomly selected person was given the allergy drug and improved? Round your answer to the nearest thousandth when necessary.


Definitions:

Periodic Inventory Method

An inventory accounting system where updates to the inventory accounts are made on a periodic basis, typically at the end of an accounting period.

Financial Statement(s)

Reports that summarize the financial performance and position of a business or entity.

Cost of Goods Sold

Direct expenses involved in the fabrication of goods a company markets, including costs for materials and labor.

Freight-In

The cost associated with transporting goods into a warehouse or business, typically included in the cost of goods sold (COGS).

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