Solve the Problem. -What Do You Conclude About the Claim Below? Do Not

question 53

Essay

Solve the problem.
-What do you conclude about the claim below? Do not use formal procedures or exact calculations. Use only the rare event rule and make a subjective estimate to determine whether the event is likely. Claim: An employee of a company is equally likely to take a sick day on any day of the week. Last year, the total number of sick days taken by all the employees of the company was 143. Of these, 52 were Mondays, 14 were Tuesdays, 17 were Wednesdays, 17 were Thursdays, and 43 were Fridays.

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Definitions:

Venture Capitalist

An investor who provides capital to startup companies and small businesses with perceived long-term growth potential in exchange for equity, or ownership stake.

Potential Venture

A business idea or project that has the possibility of being developed into a successful commercial enterprise.

Vague

Describing something that is unclear, undefined, or not precise in meaning or details.

Venture Capital Funds

Pools of capital that are allocated to invest in high-growth potential startups and emerging companies.