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

Understand the concept of moral hazard and how it affects organizational decisions.

Identify strategies for mitigating moral hazard in various settings.

Understand the concept of adverse selection and its implications on markets.

Distinguish between moral hazard and adverse selection and their respective remedies.

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Definitions:

Geriatricians

Medical doctors specializing in the care, treatment, and prevention of diseases and conditions affecting older adults.

Symptoms

Indicators or signs of a condition or disease experienced by an individual, such as pain, fever, or fatigue.

Depression

A mental health disorder characterized by persistently depressed mood or loss of interest in activities, causing significant impairment in daily life.

Elderly

Individuals over the age of 65.