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Table 3-9
Assume that Maya and Miguel can switch between producing mixers and producing toasters at a constant rate.
-Refer to Table 3-9. Assume that Maya and Miguel each has 60 hours available. If each person divides his/her time equally between the production of mixers and toasters, then total production is
Probability
An indicator of how probable an event is to happen, represented by a numerical value ranging from 0 to 1.
Probability
The likelihood or chance that a particular event will happen, quantifiable as a value between zero (impossible) and one (certain).
Independent
Pertains to variables or events that are not influenced or affected by each other.
P(A ∪ B)
The likelihood that either event A or event B, or both, will happen.
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