According to Government Data, the Probability That a Woman Between

question 98

Multiple Choice

According to government data, the probability that a woman between the ages of 25 and 29 was never married is 40%. In a random survey of 10 women in this age group, what is the probability that two or fewer were never
Married?

• A)0.167
• B)1.002
• C)0.013
• D)0.161

Identify and evaluate the factors that contribute to a nation's trade balance and its implications on the economy.

Distinguish between absolute and comparative advantage in the context of global trade.

Recognize the role of government policies and interventions in international trade.

Explain the concept of opportunity cost in the production and trade of goods.

---

Definitions:

Formal Loan

A loan that is legally structured and documented, typically provided by financial institutions under agreed terms and conditions.

Friends and Family

Personal connections that can provide initial support, funding, or resources for an individual’s endeavors or projects.

Prospective Financial Backers

Potential investors or sponsors who may provide financial support to a project, business, or initiative.

Business Plan Document

A comprehensive written proposal that details a business's objectives, strategies, market analysis, and financial plans, serving as a roadmap for growth and success.