In a Certain Class of Students, There Are 11 Boys

question 34

Multiple Choice

In a certain class of students, there are 11 boys from Wilmette, 7 girls from Wilmette, 5 boys from Winnetka, 4 girls from Winnetka, 4 boys from Glencoe, and 4 girls from Glencoe. If the
Teacher calls upon a student to answer a question, what is the probability that the student will
Be a boy?

• A)0.71
• B)0.429
• C)0.571
• D)0.314

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Definitions:

Changing Market Tastes

The evolution or shift in consumer preferences and desires, influencing product innovation and marketing strategies in various industries.

Oligopoly Environment

An oligopoly environment is a market structure characterized by a small number of large firms dominating the market, leading to limited competition and potentially cooperative behavior among companies.

Competitive Advantages

Unique attributes or circumstances that allow an organization to outperform its competitors.

Excessive Business Profits

Refers to the disproportionately high earnings that a business may make, often seen as beyond what is considered fair or reasonable in relation to its production costs or societal contributions.