The Following Table Contains Data from a Study of Two

question 151

Multiple Choice

The following table contains data from a study of two airlines which fly to Small Town, USA. $\begin{array}{l|cc} & \text { Number of flight} & \text {Number of flights } \\& \text { which were on time } & \text { which were late } \\\hline \text { Podunk Airlines } & 33 & 6 \\\text { Upstate Airlines } & 43 & 5\end{array}$
If one of the 87 flights is randomly selected, find the probability that the flight selected arrived on time given that an Upstate Airlines flight.

• A) \(\frac { 11 } { 76 }\)
• B) \(\frac { 43 } { 87 }\)
• C) \(\frac { 43 } { 48 }\)
• D) None of the above is correct. it was

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Definitions:

PIKs

Short for "Payment in Kind," a type of financing or loan where the borrower can pay interest or dividends with additional securities instead of cash.

Mortgage Bond

A type of bond secured by a mortgage on one or more assets, offering the bondholder a claim against the assets in case of default.

Securities

Financial instruments that represent an ownership position in a corporation (stocks), a creditor relationship with a governmental body or a corporation (bonds), or rights to ownership as represented by an option.

Equipment

Tangible property other than land or buildings that is used in the operations of a business, such as machinery, tools, or vehicles.