The Probability That a Corporation Made Profits in 2005 Is

question 34

Short Answer

The probability that a corporation made profits in 2005 is 0.80 and the probability that a corporation made charitable contributions in 2005 is 0.25.Assuming that these two events are independent,the probability (rounded to 4 decimal places)that a corporation made profits in 2005 and made charitable contributions in 2005 is:

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Definitions:

Utility Level

A measure of the satisfaction or happiness that individuals get from the consumption of goods and services.

Indifference Curve

A graph depicting combinations of goods that give the consumer equal satisfaction and utility.

Cookies

A small, sweet baked treat that comes in various flavors and can include ingredients like chocolate chips, nuts, or dried fruit.

Brownies

A type of chocolate baked treat, typically in the form of a square or rectangular cake slice.