FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Suppose your instructor wants to randomly choose one of the students in the class to ask a question. Suppose the probability that the instructor

1. Suppose your instructor wants to randomly choose one of the students in the class to ask a question.

Suppose the probability that the instructor asks Sam, one of your classmates, is 0.05 and the probability that she/he asks John, another student in your class, is 0.07. What is the probability that the instructor asks one of these two students (assuming independence between these events)?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Business Mathematics In Canada

Fundamentals Of Business Mathematics In Canada

Authors: F. Ernest Jerome, Jackie Shemko

3rd Edition

1259370151, 978-1259370151

More Books

Students also viewed these Mathematics questions

Question

★★★★★
Go to www.dell.com/leadership and read the sections dedicated to its board of directors and corporate governance. Is there evidence of effective governance at Dell in regard to (1) accurate financial...

Answered: 1 week ago

Question

★★★★★
13. Because marginal product decreases as input is increased, A. nothing is implied about how much input is required to produce one more unit of output. B. it takes decreasing amounts of input to...

Answered: 1 week ago

Question

★★★★★
Rich and Shauna Nielson file a joint tax return, and they itemize deductions. Assume their marginal tax rate on ordinary income is 25 percent. The Nielsons incur $2,000 in miscellaneous itemized...

Answered: 1 week ago

Question

★★★★★
MarJo Manufacturing Inc., wishes to determine the profitability of its products and asks the cost accountant to make a comparative analysis of sales, cost of sales, and distribution costs of each...

Answered: 1 week ago

Question

★★★★★
1. Suppose your instructor wants to randomly choose one of the students in the class to ask a question. Suppose the probability that the instructor asks Sam, one of your classmates, is 0.05 and the...

Answered: 1 week ago

Question

★★★★★
An investor's required rate of return is equal to: a. the risk-free rate of interest. b. the risk premium the investor feels is necessary to compensate for the riskiness of the asset. c. the...

Answered: 1 week ago

Question

★★★★★
Clean Air is a manufacturer of dust collection systems for home workshops. Each of the systems requires a filter bag to trap sawdust and shavings from woodworking equipment. Clean Air manufactures...

Answered: 1 week ago

Question

★★★★★
For Saint's Day - Valentin, Mons. Beau wants to surprise his wife with a new car of its color f r e , blue. He discussed of his car buying plans with his friend, Mons. Drew, who suggested r that...

Answered: 1 week ago

Question

★★★★★
How do linear profit models relate to GAAP-basis income statements? In terms of qualitative considerations, what are the limitations of using linear profit models as it applies to the Burger King...

Answered: 1 week ago

Question

★★★★★
QUESTION 1 1.1 Differentiate between current and non-current assets and list examples to supplement your answer. (6) 1.2 Consider a supermarket such as Pick n Pay, and describe the fixed costs and...

Answered: 1 week ago

Question

★★★★★
Given you have a barn with 500 head of dairy cows at 1,100 lbs calculate the sensible and latent heat production based on the 50 F temp in the heat production table. Let's say you are moving 4,000...

Answered: 1 week ago

Previous Question Next Question