A Mathematics Class Consists of 9 Engineering Majors E, 14

question 172

Multiple Choice

A mathematics class consists of 9 engineering majors E, 14 science majors S, and 8 liberal arts majors LA. What is the probability that a student selected at random will be a science or liberal arts major? ​

• A)Pr(S∪LA) =
• B)Pr(S∪LA) =
• C)Pr(S∪LA) =
• D)Pr(S∪LA) =
• E)Pr(S∪LA) =

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Definitions:

Price Level

A measure that reflects the average of current prices across the entire spectrum of goods and services produced in the economy.

Aggregate Supply Curve

Represents the total quantity of goods and services that producers in an economy are willing and able to supply at a given overall price level in a given period.

Money Supply

The total amount of monetary assets available within an economy at a specific time, including cash, coins, and balances held in bank accounts.

Price Level

The broad-based average price across the spectrum of goods and services in the economy.