In a Poll, Respondents Were Asked Whether They Had Ever

question 58

Short Answer

In a poll, respondents were asked whether they had ever been in a car accident.
respondents indicated that they had been in a car accident and 370 respondents said that they had not been in a car accident. If one of these respondents is randomly selected, what is the probability of getting someone who has been in a car accident? Round to the nearest thousandth.

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Definitions:

Annual Payments

Regular payments made once a year, often associated with loans, annuities, or investment returns.

Rate of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment’s cost.

Lottery

A form of gambling involving the drawing of numbers at random for a prize.

Compounded Monthly

Interest on an investment or loan calculated monthly and added to the principal sum for future interest calculations.