Compute the Probability of an Event Using the Complement Rule $1 .$

question 60

Multiple Choice

Compute the Probability of an Event Using the Complement Rule
-After completing an inventory of three warehouses, a golf club shaft manufacturer described its stock of 12,246 shafts with the percentages given in the table. Suppose a shaft is selected at random from the 12,246 currently in stock, and the warehouse number and type of shaft are observed. Find the probability that the shaft was produced in a warehouse other than warehouse $1 .$

• A) \(0.58\)
• B) \(0.42\)
• C) \(0.46\)
• D) \(0.75\)

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Definitions:

Short-Form Merger

A process where a parent company merges with a subsidiary company without needing the approval of the subsidiary's shareholders.

Appraisal Rights

The rights of a corporation's minority shareholders to have a judicial assessment of the fairness of a proposed transaction, typically a merger or acquisition.

Parent's Minority Shareholders

Individuals or entities that hold a smaller, non-controlling percentage of shares in the parent company.

Going Private Transaction

A process in which a publicly traded company is transformed into a privately held entity, usually by a buyout.