Compute the Probability of an Event Using the Complement Rule $0.34$

question 102

Multiple Choice

Compute the Probability of an Event Using the Complement Rule
-The overnight shipping business has skyrocketed in the last ten years. The single greatest predictor of a company's success has been proven time and again to be customer service. A study was conducted to study the customer satisfaction levels for one overnight shipping business. In addition to the customer's satisfaction level, the customers were asked how often they used overnight shipping. The results are shown below in the following table. What is the probability that a respondent did not have a high level of satisfaction with the company?

• A)\(0.34\)
• B)\(0.66\)
• C)\(0.57\)
• D) \(0.43\)

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Definitions:

Percent Increase

The process of determining the ratio of the increase in a quantity to the original amount, expressed as a percentage.

Stock Value

The price of a single share of a company's stock, representing ownership in the company and its potential profitability.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan remaining.

Nearest 0.01%

Rounded to the closest one-hundredth of a percent.