Compute the Probability of an Event Using the Complement Rule $70 \%$

question 182

Multiple Choice

Compute the Probability of an Event Using the Complement Rule
-A local country club has a membership of 600 and operates facilities that include an 18 -hole championship golf course and 12 tennis courts. Before deciding whether to accept new members, the club president would like to know how many members regularly use each facility. A survey of the membership indicates that $70 \%$ regularly use the golf course, $45 \%$ regularly use the tennis courts, and $5 \%$ use neither of these facilities regularly. What percentage of the 600 use at least one of the golf or tennis facilities?

• A) \(95 \%\)
• B) \(5 \%\)
• C) \(110 \%\)
• D) \(20 \%\)

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Definitions:

Share Capital

The total amount of money raised by a company through the sale of shares to shareholders; represents the equity funding of the business.

Stock Dividends

A form of dividend paid by a company to its shareholders in the form of additional shares, rather than cash.

Market Price

The current price at which an asset or service can be bought or sold in a public market.

Stock Dividends Distributable

A portion of a company's earnings allocated to shareholders in the form of additional shares, rather than cash, typically at a fixed rate.