A Local Country Club Has a Membership of 600 and Operates

question 98

Multiple Choice

A local country club has a membership of 600 and operates facilities that include an 18-hole championship golf course and 12 tennis courts. Before deciding whether to accept new members,
The club president would like to know how many members regularly use each facility. A survey of
The membership indicates that 68% regularly use the golf course, 47% regularly use the tennis
Courts, and 3% use neither of these facilities regularly. What is the probability that a member
Regularly uses at least one of the golf or tennis facilities?

• A).47
• B).97
• C).18
• D).3

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Definitions:

Deflation

A decrease in the general price level of goods and services, often indicating reduced consumer demand or excess supply.

Inflation

A general increase in prices and fall in the purchasing value of money over time.

Real GDP

Real Gross Domestic Product, indicating the total value of all produced goods and services in an economy for a year, adjusted to account for inflation, thereby showing true economic value.

Price Level

Calculating the average price across every good and service in the economy's production.