Compute the Probability of an Event Using the Complement Rule

question 89

Multiple Choice

Compute the Probability of an Event Using the Complement Rule
-The complement of 4 heads in the toss of 4 coins is

• A) At least one tail
• B) All tails
• C) Exactly one tail
• D) Three heads

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Definitions:

Complementary

Goods or services that are used together, where an increase in demand for one leads to an increase in demand for the other.

Income Elasticity

A measure of how much the demand for a product changes in response to changes in consumer income.

Inferior Good

A type of good for which demand decreases when consumer income rises, contrasting with normal goods.

Total Revenue

The entire revenue produced from selling products or services that are central to the business's main activities.