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The table below shows the soft drinks preferences of people in three age groups. If one of the 255 subjects is randomly selected, find the probability that the person drinks root beer given that they are over 40.
Discount
A reduction applied to the price of goods or services, or the difference between the nominal value of a financial instrument and its lower market price.
Bond Liability
A financial obligation of a company that arises when it issues bonds to raise funds, representing its need to repay the principal and interest to bondholders.
Interest Expense
The cost incurred by an entity for borrowed funds, typically reported on the income statement.
Coupon Interest Rate
The annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity.
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