You Have 40 Different Books (20 Math Books, 15 History

question 28

Short Answer

you have 40 different books (20 math books, 15 history books, and 5 geography books).
-You pick one book at random. What is the probability that the book is a history book?

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Definitions:

Full Coverage

Refers to insurance policies or warranties that offer comprehensive protection against a wide range of potential damages or losses.

Expected Wealth

The anticipated amount of money or assets that an individual or entity forecasts to accumulate over a period.

Insurance Policy

A contract between an insurer and a policyholder wherein the insurer promises to pay for specific potential future losses in exchange for a periodic payment.

Expected Loss

The anticipated amount of loss a business may suffer due to risks or future uncertainties.