Of 1308 People Who Came into a Blood Bank to Give

question 16

Short Answer

Of 1308 people who came into a blood bank to give blood, 314 people had high blood pressure. Estimate the probability that the next person who comes in to give blood will have high blood pressure (to 3 decimal places).

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Definitions:

Clayton Act

A U.S. antitrust law enacted to prevent anti-competitive practices and promote fair competition.

Geographic Market

The defined area within which a company competes for customers, including factors of geography, demography, and economy.

Antitrust Law

Legislation aimed at preventing monopolies and promoting competition to protect consumers from unfair business practices.

Monopoly Power

is the ability of a single company or entity to control a significant portion of the market for a particular product or service, limiting competition.