Men Have a Reputation for Not Wanting to Ask for Directions

question 47

Multiple Choice

Men have a reputation for not wanting to ask for directions. A Harris study conducted for Lincoln Mercury indicated that 42% of men and 61% of women would stop and ask for directions. The U.S. Census Bureau's 2012 population estimate was that for individuals 18 or over, 48.2% were men and 51.8% were women. This exercise addresses this age group. A randomly chosen driver gets lost on a road trip. Determine the probability that the driver is a woman and stops to ask for directions.

• A) 0.518
• B) 0.420
• C) 0.316
• D) 0.390

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Definitions:

Federal Funds Rate

The interest rate at which depository institutions lend reserve balances to other depository institutions overnight, on an uncollateralized basis.

Short-Term Loans

Loans that are scheduled to be repaid in less than a year.

Reserves

Funds or commodities set aside for future use or to meet unforeseen contingencies, often related to banks or natural resources.

Money Creation

The process by which the money supply of a country, or of an economic or monetary region, is increased.