Determine Whether the Events Are Mutually Exclusive

question 136

Multiple Choice

Determine whether the events are mutually exclusive.
-A sample of 100 wood and 100 graphite tennis rackets are taken from the warehouse. If 5 wood and 10 graphite are defective and one racket is randomly selected from the sample, find the probability that the racket is wood or defective.

• A)0.525
• B)0.075
• C)0.55
• D)There is insufficient information to answer the question.

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Definitions:

Proprietorships

A form of business organization owned by a single individual who is responsible for all its obligations.

Limited Liability

A legal structure that protects individual investors or business owners from being personally responsible for the debts and liabilities of the business beyond their investment.

Partnership Form

A legitimate business structure where two or more partners collaborate in managing the firm and splitting the profits.

Equity Capital

The amount of money that is invested in a company by its owners, as opposed to borrowed funds or debt.