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 What is the probability that a randomly selected stock neither paid dividends nor increased in price?

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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

What is the probability that a randomly selected stock neither paid dividends nor increased in price?

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