Find the Indicated Probability by Using the Complementation Rule What Is the Probability That a Randomly Selected Degree Is

question 65

Multiple Choice

Find the indicated probability by using the complementation rule.
-The distribution of B.A. degrees conferred by a local college is listed below, by major.
$\begin{array} { l r } \underline { \text { Major } } & \text { Frequency } \\\text { English } & 2073 \\\text { Mathematics } & 2164 \\\text { Chemistry } & 318 \\\text { Physics } & 856 \\\text { Liberal Arts } & 1358 \\\text { Business } & 1676 \\\text { Engineering } & \frac { 868 } { 9313 }\end{array}$
What is the probability that a randomly selected degree is not in Mathematics?

• A)0.303
• B)0.682
• C)0.768
• D)0.232

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Definitions:

Marginal Cost

The expense increase associated with creating an additional unit of a product or service.

Mix of Output

The combination or range of different goods or services produced by an economy or firm, reflecting its production choices and strategy.

Market Failure

A circumstance where the distribution of goods and services through an unregulated market fails to be efficient, frequently resulting in a decrease in overall social welfare.

Externalities

Expenses or advantages impacting individuals who did not decide to bear those expenses or advantages.