Fisher chosen from clearwater

Assignment Help Business Economics
Reference no: EM132135884

Of the people who fished at Clearwater Park today, 45 had a fishing license, and 5 did not.

Of the people who fished at Mountain View Park today, 36 had a license, and 4

did not. (No one fished at both parks.)

Suppose that one fisher from each park is chosen at random. What is the probability that the fisher chosen from Clearwater did not have a license and the fisher chosen from Mountain View had a license?

No rounding please

Reference no: EM132135884

Questions Cloud

How many persons are at least born on the same month : How many bit strings of length 8 can be made such that they begin with one zero and end with end with zero?
Standard deviation of process distribution : A binomial process has 892 trails and a probability of success of 0.78. What is the standard deviation of this process distribution?
What is a frequency table : What is a frequency table? Describe an example where a frequency table can be used in life.
What is the importance of excel : I want to know what is the importance of excel? Isn't the calculations and the understand of the answer you get and how you interpret it the most important?
Fisher chosen from clearwater : What is the probability that the fisher chosen from Clearwater did not have a license and the fisher chosen from Mountain View had a license?
How strategic plan is communicated : DEVELOP AND IMPLEMENT STRATEGIC PLANS - How strategic plan is communicated effectively to team - How all required resources are organised and arranged
What is the probability that fewer : Assuming this trend continues, what is the probability that fewer than 125 bottles of beer in this particular sample are defective?
Prepare a program that asks the user to enter 10 golf scores : Design a program that asks the user to enter 10 golf scores. The scores should be stored in an Integer array.
What is the standard deviation of process distribution : A binomial process has 892 trials and a probability of success of .78 what is the standard deviation of this process distribution?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd