Use the figure below to answer the following questions. 
Figure 2.1.2
-Refer to the production possibilities frontier in Figure 2.1.2.Suppose that 50 units of Y are produced.Then
Definitions:
Probability
The likelihood or chance of an event occurring, often quantified as a number between 0 and 1.
Poisson Distribution
A statistical distribution predicting the probability of a given number of events occurring in a fixed interval of time or space, assuming the events happen with a constant mean rate independently of the time since the last event.
Reservation
The act of reserving something in advance, such as a service or accommodation, or a specific area of land set aside or preserved for a particular purpose, often referring to lands designated for indigenous peoples.
Tornado Chart
A type of bar chart used in sensitivity analysis which displays the comparative importance of variables, often in financial models.
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