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:

Issuance of Stock

The process by which a company distributes its shares to investors, thereby raising capital.

Formal Journal Entry

A written record in the books of accounts that documents a business transaction systematically.

Stock Warrants

A form of derivative that gives the holder the right, but not the obligation, to buy a company's stock at a specific price before the warrant expires.

Intrinsic Value Method

A method of valuing a company or its stock by determining the present value of its expected future earnings or cash flows, disregarding current market conditions.