The Following Table Contains Data from a Study of Two

question 30

Multiple Choice

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

• A) \(\frac { 11 } { 76 }\)
• B) \(\frac { 43 } { 76 }\)
• C) \(\frac { 43 } { 87 }\)
• D) None are correct

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Definitions:

Common Stock

A type of equity security that represents ownership in a corporation, with voting rights and the potential for dividends.

Initial Value Method

An accounting approach where investments are recorded at their acquisition cost.

Dividends

A company's profit-sharing with its investors, generally executed through financial payments.

Net Income

The net income of a company once all costs, taxes, and losses have been deducted.