Use the Following Table to Answer the Question

question 9

Short Answer

Use the following table to answer the question. A random sample of 200 new vehicle buyers were asked to respond to a survey about what kind of vehicle they purchased. One question, summarized in the table below, asked each respondent to choose the vehicle that best described the type of vehicle that they purchased. The vehicle choices were car, pick- up truck, sport utility vehicle, van, or other.

-If one person is chosen randomly from the group, what is the probability that the person purchased a sport utility vehicle or a pick- up truck?

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Definitions:

Capital Planning

The process of budgeting resources for the acquisition and investment of long-term assets and other financial decisions to achieve strategic goals.

World Trade Organization

An international organization dealing with the rules of trade between nations, aimed at ensuring that trade flows as smoothly, predictably, and freely as possible.

Trade Disputes

Conflicts between countries or trade entities over policies, practices, or conditions that affect international trade.

Binding

The process of securing or holding together materials, such as in book production, or legal agreements that are legally enforceable.