Each Manager of a Corporation Was Rated as Being Either $\frac { 31 } { 32 }$

question 14

Multiple Choice

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

If we randomly selected one manager from this company, find the probability that he or she has an advanced (Master's or Ph.D.) degree and is a good manager.

• A) \(\frac { 31 } { 32 }\)
• B) \(\frac { 1 } { 32 }\)
• C) \(\frac { 83 } { 160 }\)
• D) \(\frac { 117 } { 160 }\)

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Definitions:

Target Payout Ratio

A percentage that represents the amount of earnings a company decides to distribute to its shareholders in the form of dividends.

Stable Dividends

Dividends that are consistently paid out by a company at a steady rate, regardless of the company's earnings fluctuations.

Ex-Dividend Date

The date on which a stock trades without a declared dividend that has yet to be paid. Four days prior to the date of record.

Business Days

Workdays typically from Monday to Friday, excluding public holidays and weekends, used in the context of official and financial transactions.