Find the Indicated Probability by Using the Special Addition Rule

question 96

Multiple Choice

Find the indicated probability by using the special addition rule.
-The distribution of B.A. degrees conferred by a local college is listed below, by major.
$\begin{array} { l r } \underline { \text { Major } } & \text { Frequency } \\\text { English } & 2073 \\\text { Mathematics } & 2164 \\\text { Chemistry } & 318 \\\text { Physics } & 856 \\\text { Liberal Arts } & 1358 \\\text { Business } & 1676 \\\text { Engineering } & \underline { 868 } \\& 9313\end{array}$
What is the probability that a randomly selected degree is in English or Mathematics?

• A)0.455
• B)0.424
• C)0.010
• D)0.517

Describe how the benefits-received principle of taxation works and compare it to the ability-to-pay principle.

Calculate net worth based on assets and liabilities.

Recognize how different types of taxes and deductions impact economic and money income.

Understand the concept of double taxation particularly relating to savings and investments.

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Definitions:

Conservative Movement

An ideological and political movement advocating for traditional values, limited government, and free market principles.

Libertarians

Individuals who advocate for minimal governmental intervention in personal and economic matters, emphasizing personal freedom and autonomy.

New Conservatives

A political movement that emerged in the late 20th century, emphasizing traditional values, free-market capitalism, and a strong national defense.

Freedom

The state of being free, especially in terms of personal rights and liberty, unimpeded by oppression or arbitrary restrictions.