Find the Indicated Probability

question 60

Multiple Choice

Find the indicated probability.
-100 employees of a company are asked how they get to work and whether they work full time or part time. The figure below shows the results. If one of the 100 employees is randomly selected, find the probability that the
Person drives alone or cycles to work. 1. Public transportation: 10 full time, 10 part time
2) Bicycle: 3 full time, 3 part time
3) Drive alone: 31 full time, 26 part time
4) Carpool: 9 full time, 8 part time

• A) 0.63
• B) 0.57
• C) 0.34
• D) 0.60

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Definitions:

Discount Rate

The interest rate charged to commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank's lending facility.

Money Supply

The overall pool of financial assets in an economy at a given stage.

Leverage Ratio

A financial metric measuring the amount of debt used by a company to finance its assets relative to the value of those assets.

Insolvent

Insolvent refers to the inability of an individual or organization to meet its financial obligations as they become due, due to a lack of sufficient assets.