Determine Whether the Events Are Mutually Exclusive

question 16

Multiple Choice

Determine whether the events are mutually exclusive.
-A study of consumer smoking habits includes 169 people in the 18-22 age bracket (46 of whom smoke) , 126 people in the 23-30 age bracket (38 of whom smoke) , and 100 people in the 31-40 age bracket (22 of whom smoke) . If one person is randomly selected from this sample, find the probability of getting someone who is age 23-30 or smokes.

• A)0.302
• B)0.587
• C)0.096
• D)0.491

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Definitions:

Long-term Investment

Investments made with the expectation that they will yield benefits or appreciation over a period extending beyond one year.

Dividends

Payments made by a corporation to its shareholder members, often derived from the company's profits.

Minority Active Investment

An investment where the investor holds a non-controlling interest in a company but is still actively involved in its management or operations.

Equity Method

An accounting technique used for recording investments in associate companies where the investment is initially recognized and subsequently adjusted for the investor’s share of the net assets of the investee, including recognized income or loss.