THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 90

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A stock analyst has provided estimates of a corporation's expected return over the next year.This return is likely to depend on the interest rate,so the analyst has developed the following two-way table.
-What is the probability that either the corporation's return is less than 12% or the interest rate is at least 3% or both?

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Definitions:

Logrolling

The process of exchanging favors, especially in politics by reciprocal voting for each other's proposed legislation.

Social Engineering

Social engineering involves manipulating individuals into divulging confidential or personal information for fraudulent purposes.

Grandstanding

Engaging in behavior or making statements intended to attract positive attention and impress others.

Marginal Benefit

The added contentment or utility derived from utilizing or producing an extra item of a good or service.