What is the least common cost structure for an industry?

In a competitive market, sellers sell their product

In a class of 30 students, 18 are taking Math and 12 are taking Science. If 8 students are taking both Math and Science, what is the probability that a student selected at random is taking Science, given that the student is taking Math?

In a class of 40 students, 15 students play basketball, 12 students play soccer, and no student plays both basketball and soccer. What is the probability of randomly selecting a student who plays either basketball or soccer?

A small prize wheel has the following outcomes: Prize Probability $3 0.2 $1 0.3 $0 0.5 What is the expected value of one spin?

In a deck of 52 cards, half are red (26 red) and half are black (26 black). What are the odds in favor of drawing a red card?

Jim likes to day-trade on the Internet. On a good day, he averages a $1300 gain. On a bad day, he averages an $800 loss. Suppose that he has good days 20% of the time, bad days 40% of the time, and the rest of the time he breaks even. What is the expected value for one day of Jim’s day-trading hobby?

lab 3 q.png Order?

lab 3 p.jpgThis belongs to the class .

Lab 3 l.jpgThis belongs to the class .