An Ad Agency Is Developing a Campaign to Promote a Business

question 116

Multiple Choice

An ad agency is developing a campaign to promote a business opening in a new mall development.To develop an appropriate mailing list,they decide to purchase lists of credit card holders from MasterCard and American Express.Combining the lists,they find the following: 40 percent of the people on the list have only a MasterCard and 10 percent have only an American Express card.Another 20 percent hold both MasterCard and American Express.Finally,30 percent of those on the list have neither card.Suppose a person on the list is known to have a MasterCard.What is the probability that person also has an American Express Card?

• A).20
• B).33
• C).18
• D).70
• E).90

---

Definitions:

Paid-In Capital

The total amount of money that shareholders have invested in a company through the purchase of its stock, including both common and preferred shares.

Corporate Charter

A formal document that establishes a corporation's existence, outlining its structure, objectives, and regulations.

Par Value

The face value of a bond or stock, as stated on the certificate; in stock, it is a nominal value unrelated to market value.

Par Value

The nominal or face value of a bond, stock, or coupon as indicated on a certificate or instrument.