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Cool Off A survey of southern California houses in a given town shows that 70% of the homes have an air conditioning system and 90% of home have at least one ceiling fan. 65% of all homes surveyed had both features.
a. What is the probability that a randomly selected home neither feature?
b. What is the probability that a randomly selected home has a ceiling fan, given that it already has an air conditioning system?
c. Do these two house features appear to be independent? Justify your answer.
Technological Investment
Funds allocated towards acquiring new technology, upgrading existing technology, or developing new technological solutions.
Localized Cloud Computing
Involves configuring cloud computing services to cater to the specific needs and regulations of a particular region or market, ensuring data sovereignty and compliance.
Trade Feedback Effect
A phenomenon where an increase in exports from one country leads to an increase in imports by another, potentially boosting the exporting country's economy further.
Free Trade Agreements
International treaties between countries to reduce or eliminate trade barriers, such as tariffs and quotas, facilitating easier and increased trade among the member countries.
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