Find the Indicated Probability If One of the 255 Subjects Is Randomly Selected, Find

question 26

Multiple Choice

Find the indicated probability. Express your answer as a simplified fraction unless otherwise noted.
-The table below shows the soft drinks preferences of people in three age groups. $$\begin{array} { r | c c c } & \text { cola } & \text { root beer } & \text { lemon-lime } \\\hline \text { under 21 years of age } & 40 & 25 & 20 \\\text { between 21 and 40 } & 35 & 20 & 30 \\\text { over 40 years of age } & 20 & 30 & 35\end{array}$$ If one of the 255 subjects is randomly selected, find the probability that the person drinks root beer given that they are over 40.

• A) \(\frac { 2 } { 17 }\)
• B) \(\frac { 2 } { 5 }\)
• C) \(\frac { 6 } { 17 }\)
• D) None of the above is correct.

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Definitions:

Treasury Stock

Treasury stock consists of shares that were issued and later reacquired by the company. These shares do not pay dividends and do not have voting rights.

Par Common Stock

The nominal or face value of a share of common stock as stated in the corporate charter, which has no direct relation to the market value.

Fair Market Price

This term refers to the price at which an asset would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.

Treasury Stock

Shares that were once part of the floating stock of a company but were then repurchased and are held by the company itself.