In a standard deck, there are 52 cards. Twelve cards are face cards (
F ) and 40 cards are not face cards (
N ). Draw two cards, one at a time, without replacement. The tree diagram is labeled with all possible probabilities.
Find
P (
FN OR
NF ).
Find
P (
N |
F ).
Find
P (at most one face card).
Hint: "At most one face card" means zero or one face card.
Find
P (at least on face card).
Hint: "At least one face card" means one or two face cards.
A litter of kittens available for adoption at the Humane Society has four tabby kittens and five black kittens. A family comes in and randomly selects two kittens (without replacement) for adoption.
What is the probability that both kittens are tabby?
a.
b.
c.
d.
What is the probability that one kitten of each coloring is selected?
a.
b.
c.
d.
What is the probability that a tabby is chosen as the second kitten when a black kitten was chosen as the first?
What is the probability of choosing two kittens of the same color?
Suppose there are four red balls and three yellow balls in a box. Three balls are drawn from the box without replacement. What is the probability that one ball of each coloring is selected?
A
Venn diagram is a picture that represents the outcomes of an experiment. It generally consists of a box that represents the sample space S together with circles or ovals. The circles or ovals represent events.
Suppose an experiment has the outcomes 1, 2, 3, ... , 12 where each outcome has an equal chance of occurring. Let event
A = {1, 2, 3, 4, 5, 6} and event
B = {6, 7, 8, 9}. Then
A AND
B = {6} and
A OR
B = {1, 2, 3, 4, 5, 6, 7, 8, 9}. The Venn diagram is as follows:
Suppose an experiment has outcomes black, white, red, orange, yellow, green, blue, and purple, where each outcome has an equal chance of occurring. Let event
C = {green, blue, purple} and event
P = {red, yellow, blue}. Then
C AND
P = {blue} and
C OR
P = {green, blue, purple, red, yellow}. Draw a Venn diagram representing this situation.
Flip two fair coins. Let
A = tails on the first coin. Let
B = tails on the second coin. Then
A = {
TT ,
TH } and
B = {
TT ,
HT }. Therefore,
A AND
B = {
TT }.
A OR
B = {
TH ,
TT ,
HT }.
The sample space when you flip two fair coins is
X = {
HH ,
HT ,
TH ,
TT }. The outcome
HH is in NEITHER
A NOR
B . The Venn diagram is as follows:
Roll a fair, six-sided die. Let
A = a prime number of dots is rolled. Let
B = an odd number of dots is rolled. Then
A = {2, 3, 5} and
B = {1, 3, 5}. Therefore,
A AND
B = {3, 5}.
A OR
B = {1, 2, 3, 5}. The sample space for rolling a fair die is
S = {1, 2, 3, 4, 5, 6}. Draw a Venn diagram representing this situation.
Forty percent of the students at a local college belong to a club and
50% work part time.
Five percent of the students work part time and belong to a club. Draw a Venn diagram showing the relationships. Let
C = student belongs to a club and
PT = student works part time.
If a student is selected at random, find
the probability that the student belongs to a club.
P (
C ) = 0.40
the probability that the student works part time.
P (
PT ) = 0.50
the probability that the student belongs to a club AND works part time.
P (
C AND
PT ) = 0.05
the probability that the student belongs to a club
given that the student works part time.
the probability that the student belongs to a club
OR works part time.
P (
C OR
PT ) =
P (
C ) +
P (
PT ) -
P (
C AND
PT ) = 0.40 + 0.50 - 0.05 = 0.85
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
When MP₁ becomes negative, TP start to decline.
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 •
Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 •
Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
ok
Shukri
how do you save a country economic situation when it's falling apart
Economic growth as an increase in the production and consumption of goods and services within an economy.but
Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
thank you so much 👍 sir
Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has
The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50.
A,Calculate quantities of x and y which maximize utility.
B,Calculate value of Lagrange multiplier.
C,Calculate quantities of X and Y consumed with a given price.
D,alculate optimum level of output .
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
