The Overnight Shipping Business Has Skyrocketed in the Last Ten $\frac { 1 } { 40 }$

question 123

Multiple Choice

The overnight shipping business has skyrocketed in the last ten years. The single greatest predictor of a companyʹs success is customer service. A study was conducted to determine the customer
Satisfaction levels for one overnight shipping business. In addition to the customerʹs satisfaction
Level, the customers were asked how often they used overnight shipping. The results are shown
Below in the following table:

A customer is chosen at random. Given that the customer uses the company two to five times per month, what is the probability that the customer expressed low satisfaction with the company?

• A) \(\frac { 1 } { 40 }\)
• B) \(\frac { 1 } { 140 }\)
• C) \(\frac { 1 } { 4 }\)
• D) \(\frac { 43 } { 140 }\)

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Definitions:

Hedging

A financial strategy used to reduce or mitigate risk by taking offsetting positions in related securities or derivatives.

Futures Contract

An agreement in law whereby parties commit to buying or selling an asset, such as a financial instrument or commodity, at a set price, to be concluded on a defined future date.