Two Hundred People Were Asked If They Had Read a Book

question 55

Multiple Choice

Two hundred people were asked if they had read a book in the last month.The accompanying contingency table,cross-classified by age,is produced. The probability that a respondent read a book in the last month and is at least 30 years old is the closest to _______.

• A) 0.12.
• B) 0.33.
• C) 0.46.
• D) 0.88.

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Definitions:

Annual Rent Payments

Periodic payments made by a lessee to a lessor, often stipulated in a lease contract, to use a property for a specified term each year.

Insurance Premium

The amount paid periodically to an insurance company in exchange for coverage against specified risks.

Rental Revenue

Income received from leasing out properties or equipment to others.

Capital Lease

A lease agreement considered similar to a purchase of the leased asset, showing both an asset and a liability on the lessee's balance sheet.