Compute Empirical Probability
Solve the Problem $33.13 \%$ B) $19.36 \%$ C) $34.76 \%$

question 12

Multiple Choice

Compute Empirical Probability
Solve the problem. Round to the nearest hundredth of a percent if needed.
-A traffic engineer is counting the number of vehicles by type that turn into a residential area. The table below shows the results of the counts during a four-hour period. What is the probability that the next
Vehicle passing is an SUV?

• A) \(33.13 \%\)
• B) \(19.36 \%\)
• C) \(34.76 \%\)
• D) \(33.72 \%\)

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Definitions:

Bad Debt Reserve

An accounting provision representing the estimate of uncollectible amounts from customers, used to cover potential losses.

Base Cost

The original value or purchase price of an asset for tax purposes, used to determine capital gains or losses.

Salable Item

A product or good that can be sold in the market.

Revenue Received

The actual income that a company or organization receives during a specific period, typically from sales of goods or services.