If the Odds for You Getting a Credit Card Solicitation

question 162

Multiple Choice

If the odds for you getting a credit card solicitation in the mail this month are 1 to 4,then which of the following statements is true?

• A)The probability of getting a credit card solicitation is 0.25.
• B)The probability of getting a credit card solicitation is 0.20.
• C)The probability of getting a credit card solicitation is 0.80.
• D)The probability of getting a credit card solicitation is 0.75.

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Definitions:

Dividend

A share of a company's profits distributed to its shareholders, often expressed as a dollar amount per share.

Stock Prices

The market value of a company's shares, determined by supply and demand dynamics.

Fluctuate Wildly

To vary or change rapidly and unpredictably, often used in financial contexts to describe asset prices or market movements.

Inefficient

Describing a process or system that wastes resources or does not achieve its goals effectively.