For Questions Use the Following Narrative

question 38

Essay

For Questions use the following narrative:
Narrative: Shaking hands
Suppose the chances of picking up a cold from someone by shaking hands with them is .01 (assuming you don't know whether they have a cold or not), and that each encounter you have is independent of another.
-{Shaking hands narrative}.Suppose you shake hands with 5 people in a given day.What is the probability that you don't pick up a cold from any of these people?

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Definitions:

Advanced Farming Techniques

Methods that incorporate modern technology and research to increase the quantity and quality of agricultural products.

Economic Development

The process by which the economic well-being and quality of life of a nation, region, or local community are improved, typically measured by increases in per capita income, employment, and other indicators of economic health.

Privatization

The process of transferring ownership of a business, enterprise, agency, public service, or public property from the government to private individuals or organizations.

Export Promotion

Strategies and policies aimed at encouraging the export of goods and services in order to improve a country’s trade balance and foster economic growth.