The Copy Machine in an Office Is Very Unreliable

question 10

Multiple Choice

The copy machine in an office is very unreliable.If it was working yesterday,there is an 80% chance it will work today.If it was not working yesterday,there is a 10% chance it will work today.If it is working today,what is the probability that it will be working 2 days from now?

• A)0.16
• B)0.64
• C)0.66
• D)0.80
• E)None of the above

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Definitions:

Shift

In economics, a change in the position of a demand or supply curve on a graph, indicating a change in the quantity demanded or supplied at every price.

Economic Growth

An increase in the production of goods and services over a specific period, often measured as the rate of increase in gross domestic product (GDP).

Shift

A change in the position of a demand or supply curve on a graph, indicating a change in the quantity demanded or supplied at any given price.

Capital Stock

The total amount of physical goods that are used for production of other goods and services.