What Is the Probability of Arriving at a Traffic Light

question 36

Short Answer

What is the probability of arriving at a traffic light when it is red if the red signal is flashed for 15 sec, the yellow signal for 5 sec, and the green signal for 55 sec? Round to two decimal places, if necessary, and be sure to express answer in decimal form, not as a percentage.
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The probability is __________.

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Definitions:

Merger

The combination of two or more companies into a single entity, usually to achieve synergies or improve competitive positioning.

Consolidation

The process of combining assets, liabilities, and other financial items of two or more entities into one. In financial accounting, it refers to the aggregation of financial statements of a group company as consolidated accounts.

Combining Firms

The process of merging two or more companies into one entity, typically to achieve synergies or strategic objectives.

Acquiring Firm

A company that purchases a majority interest in another company to take control of it.