The Figure Shows the Results of a Survey in Which $d = 8 \%$

question 15

Multiple Choice

The figure shows the results of a survey in which auto racing fans listed their favorite type of racing.What is the probability that an auto racing fan selected at random lists Formula One $d = 8 \%$ or motorcycle racing $c = 10 \%$ as his or her favorite type of racing? ( $a = 53 \%$ , $b = 18 \%$ ) ​ ​

• A) \(\frac { 50 } { 9 }\)
• B) \(\frac { 1 } { 50 }\)
• C)1
• D) \(\frac { 9 } { 50 }\)
• E) \(\frac { 2 } { 25 }\)

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Definitions:

Debenture Bonds

Unsecured bonds that rely on the creditworthiness and reputation of the issuer for support, rather than collateral.

Convertible Bonds

Bonds eligible for conversion into a specific quantity of a company's stock at various points throughout their tenure, typically at the option of the holder.

GAAP

Generally Accepted Accounting Principles; refers to the framework of guidelines for financial accounting used in any given jurisdiction; commonly serves as the standard for financial reporting.

Compound Instruments

Financial instruments that contain both a liability and equity element, requiring separation for accounting purposes.