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Identify and apply the basic concepts and tools of probability Use the data given below to answer the following question(s).
At a casino, a combination of two spinners is used to decide the winner based on the sum of scores from spinning. The spinners each have four colored spaces - red, yellow, blue, and green. Red = 1, Yellow = 2, Blue = 3, and Green = 4
-What is the probability that the spinners land on colors summing up to exactly 3?
Revenue Considerations
Factors affecting the income generated from sales of goods or services in a business.
Profitability
The financial metric that measures the degree to which a company or business activity generates profit compared to its revenue or costs.
Pricing Decisions
The process businesses undertake to set prices for their products or services, taking into account costs, demand, competition, and profitability goals.
Marketing
The activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
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