Use the Following Sample Data for the Following Questions

question 33

Short Answer

Use the following sample data for the following questions. Biologists studying
the re-vegetation of two species of succulent plants in the South African desert
examined the number of plants that survived depending on whether they were
planted in multi-species clumps or planted alone. The following data resulted:

-If one surviving plant is randomly selected, find the probability that it was a surviving Species 1 plant, given that it was planted in a multi-species clump.

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Definitions:

Present Value

The present worth of a future amount of money or series of cash flows, taking into account a certain rate of return.

Annuity

An economic product that delivers a constant payment stream to an individual, mainly used as a means of livelihood for people who are retired.

Concept

A general idea or understanding that serves as a foundation for developing theories, experiments, or innovations.

Quarterly Payments

Payments that are made four times a year, typically for financial obligations such as loans or dividends.