Based on Meteorological Records, the Probability That It Will Snow

question 67

Short Answer

Based on meteorological records, the probability that it will snow in a certain town on January 1st is 0.413. Find the probability that in a given year it will not snow on January 1st in that town.

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Definitions:

Unilateral Promise

A pledge or commitment by one party to perform an act without requiring a reciprocal promise from another party.

Consideration

Something of value that is exchanged between parties in a contract, which is necessary for the agreement to be legally binding.

Performance

The action or process of carrying out or accomplishing an action, task, or function.

Oral Contract

An agreement made through spoken words rather than written, which can be legally binding under certain conditions.