Two Chips Are Drawn at Random and Without Replacement from a Bag

question 171

Essay

Two chips are drawn at random and without replacement from a bag containing two blue
chips and two red chips. Events A and B are defined as follows.
A: {Both chips are red}
B: {At least one of the chips is blue}
Are the events A and B mutually exclusive? Explain.

Identify the objectives and key reasons for issuing AASB 13.

Understand the criteria for forming market segments including the need for differences among segments and similarities within segments.

Recognize the importance of linking customer needs to marketing actions in the process of segmenting and targeting markets.

Identify the reasons and benefits of market segmentation for businesses.