Solve all please.

Please own words with simple and clear English expland and copy paste from other sources.

Question 1: This question includes three parts:

A. What are the main differences between Adam's Smith's and Marshal definitions of economY ? (Research based question of 3 Marks)

B. Difference between the words demand and supply (2 Marks)

C. Explain the law of demand mentioning the exception to the same ? (5 Marks)

Question 2 The probability that a freshman passes the course Business Statistics in the first academic year is estimated to be 0.74. The probability that a freshman passes the course Probability in the first academic year is estimated to be 0.25. The probability that a freshman passes the course Business Statistics or the course Probability in the first academic year is estimated to be 0.89. Are passing Business Statistics and passing Probability in the first academic year mutually exclusive? Explain statistically. b. Are passing Business Statistics and passing Probability in the first academic year independent? Explain statistically. What is the probability that a freshman will pass Business Statistic but not Probability in the first academic year? What is the probability that a freshman will pass neither Business Statistics nor Probability in the first academic year?Question 26 If the probability of a student taking a calculus class is 0.10, the probability of taking a statistics class is 0.90, and the probability of taking a calculus class and a statistics class is 0.07, what is the probability of a student taking a calculus class or a statistics class? Provide your answer below:Bart and Lisa Simpsons take a Statistics class. The chance that Bart passes Statistics is 30%. The chance that Lisa passes Statistics is 80%. Let X be the number of Simpsons that pass Statistics. 1. Set up the table of distribution and cumulative distribution of X. (A probability tree may be helpful.) 2. Calculate the expected value and standard deviation of X. 3. How likely is it that exactly one of the two passes