Examlex

Solved

Of the Last 100 Customers Entering a Computer Shop, 40have

question 59

Multiple Choice

Of the last 100 customers entering a computer shop, 40have purchased a computer. If the classical method for computing probability is used, the probability that the next customer will purchase a computer is


Definitions:

Land Ownership

The legal right or title to possess and use a specific parcel of land.

Reliable Factual Information

Information that is dependable and based on facts, thereby considered accurate and trustworthy.

Uncertainty

A state of having limited knowledge where it is impossible to exactly describe the existing state, a future outcome, or more than one possible outcome.

Risk

The exposure to the chance of loss or damage, or the uncertainty regarding the outcome of an action or decision.

Related Questions