Given the Contingency Table Shown Here, What Is the Probability $\quad$

question 37

Multiple Choice

Given the contingency table shown here, what is the probability that a randomly chosen employee who is under age 25 would be absent 2 or more days? $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { Age }$
$\begin{array} {| l | c | c | c| } \hline\text { Absences } & \text { Under } 25 ( A ) & 25 \text { or More } \left( A ^ { \prime } \right) & \text { Row Total } \\\hline \text { Under } 2 \text { days } ( B ) & 50 & 40 & 90 \\\hline 2 \text { or more days } \left( B ^ { \prime } \right) & 30 & 80 & 110 \\\hline \text { Column Total } & 80 & 120 & 200\\\hline\end{array}$

• A).625
• B).375
• C).150
• D).273

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Definitions:

Net Income

Signifies the net income of a corporation following the subtraction of all costs and tax obligations from the overall revenue.

Inventory Turnover

A measure showing the frequency at which a company's inventory is sold and replenished within a given timeframe.

Days in Inventory

A financial metric that calculates the average number of days a company holds inventory before it is sold.

Consigned Goods

Items that are given to a third party to sell but remain the property of the seller until sold.