In a Stats Class, 57% of Students Eat Breakfast in the Morning

question 11

Multiple Choice

In a stats class, 57% of students eat breakfast in the morning and 80% of students floss their teeth. Forty-six percent of
students eat breakfast and also floss their teeth.
-What is the probability that a student from this class eats breakfast or flosses?

• A) 34%
• B) 11%
• C) 9%
• D) 91%
• E) 57%

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Definitions:

Industry Entry

The process of a new competitor or company beginning operations in a particular market.

Economic Profit

Economic profit is the surplus obtained after subtracting both the explicit and implicit costs from total revenues, emphasizing the opportunity costs of resources used.

Economic Loss

A decrease in monetary value, wealth, or resources, especially as a result of business activities or market factors.

Industry Supply Curve

A graphical representation that shows the relationship between the price of a good and the total output of the industry for that good.