What is the probability that a tourist visited

Assignment Help Business Economics
Reference no: EM131835628

It was found that 60% of the tourists to China visited the Forbidden City, the Temple of Heaven, the Great Wall, and other historical sites in or near Beijing. Forty percent visited Xi'an with its magnificent terracotta soldiers, horses, and chariots, which lay buried for over 2,000 years. Thirty percent of the tourists went to both Beijing and Xi'an. What is the probability that a tourist visited at least one of these places?

Reference no: EM131835628

Questions Cloud

Have you heard of the annual stress tests of the largest : Have you heard of the annual stress tests of the largest banks?
What are the second year and third year payments : What is the first year’s payment? If second year index rate is 9%, and the third year index rate is 13%, what are the second year and third year’s payments.
Investor needs for investment in portfolio : The return that investor needs for investment in his portfolio needs to be considered. An investor who need less return shall have his portfolio invested
How to reduce the effectiveness of the system : Identify the problems that appear to exist in Ferguson & Son Manufacturing Company's budgetary control system and explain how the problems are likely to reduce.
What is the probability that a tourist visited : What is the probability that a tourist visited at least one of these places?
Analyze essential indicators of economic benefits per unit : Analyze the essential indicators of economic benefits per unit on the country's gross domestic product (GDP) and on employment.
How much will each mortgage lender receive : At the foreclosure sale, the house was sold for $175,000. How much will each mortgage lender receive?
What is the probability both stocks appreciate : a. What is the probability both stocks appreciate during the period? b. What is the probability the bank stock appreciates but the utility does not?
Ratio-proportion-fraction and percent : "Ratio", "proportion", "fraction" and "percent" all mean the same thing. If the debt-equity ratio is 1.25, the equity multiplier would be 2.50.

Reviews

Write a Review

Business Economics Questions & Answers

  Assume which the market for avocados perfectly competitive

Assume which the market for avocados is perfectly competitive. The typical agribusiness firm is earning positive economic profit in the short-run equilibrium.

  Rationale behind risk-based capital requirements

Discuss the rationale behind risk-based capital requirements.

  Measure of saving in the national income and product account

The measure of saving in the National Income and Product Accounts includes

  What would be the tax revenue

Suppose that the U.S. the demand for phones is given by P=700-Q that the supply is given by P=200+Q. In Korea suppose the demand is given by P=600-Q and supply is given by P=50 + (Q/2). Please regard phones as a homogenous product. Prices are all in ..

  What will be the governments deficit

Suppose a government has no debt and a balanced budget. Suddenly it decides to spend $10 billion while raising only $8 billion worth of taxes. What will be the government's deficit? If the government finances the deficit by issuing bonds, what amount..

  Industry and the market demand

If there are 12 identical firms in this industry and the market demand curve is given by QD = 360 - 2P, what is the short-run equilibrium price?

  Price elasticity of demand for accordions

Suppose the price elasticity of demand for accordions is 2.5 and the supply elasticity is 3.0.

  Marginal cost-average cost and average variable cost

The computer company “Bits Are Us” produces affordable, easy-to-use home computer systems and has fixed costs of $250. The marginal cost of producing computers is $700 for the first computer, $250 for the second, $300 for the third, $350 for the four..

  Definition of economic growth

Which of the following is the correct definition of economic growth?

  Trace the evolution of work on the laissez-faire doctrine

trace the evolution of work on the laissez-faire doctrine through two arcs. first those theorists who are trying to

  Eastman credit union with an initial deposit

On December 20, 1989, Dixon opened an account at the Eastman Credit Union with an initial deposit if $1000.00. On February 20, 1990, he deposited an additional $1000.00. If the credit union pays 12% interest compound monthly, how much will be in the ..

  What cause an increase in producer surplus

Among which of the following will cause an increase in producer surplus. Which of the following causes a shortage of a good.

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