If a stock is selected at random, what is the probability it paid dividend?

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 4ECP: Show that the probability of drawing a club at random from a standard deck of 52 playing cards is...
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An investment analyst collects data on stocks and notes whether or not dividend were paid and whether or not the stocks increased in price over a given period.  Data are presented in the following table:      

                                  Price Increase                   No Price Increase

Dividends paid              40                                             75

No dividends paid        87                                              48

If a stock is selected at random, what is the probability it paid dividend?

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