Use a Venn Diagram and the Given Information to Determine

question 4

Multiple Choice

Use a Venn Diagram and the given information to determine the number of elements in the indicated region.
-At Southern States University (SSU) there are 399 students taking Finite Mathematics or Statistics.238 are taking Finite Mathematics,184 are taking Statistics,and 23 are taking both Finite Mathematics and Statistics.How many are taking Finite Mathematics but not Statistics?

• A)192
• B)215
• C)376
• D)161

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Definitions:

Natural Monopolies

These are markets where a single supplier is most efficient in providing goods or services due to high fixed or startup costs associated with the market.

Competitive Industries

Sectors of the economy that have a large number of firms vying for market share, leading to better products and services for consumers.

Minimizing Losses

A strategy focused on reducing the amount of money or resources wasted or not utilized efficiently.

Output

The total amount of goods and services produced by an economy or a firm in a specific period.