Solve the Problem $\frac { 1 } { 95 }$ B) $\frac { 1 } { 28 }$

question 20

Multiple Choice

Solve the problem.
-A traffic light is red for 50 seconds, yellow for 5 seconds, and green for 40 seconds. Find the probability: P(the light is green)

• A) \(\frac { 1 } { 95 }\)
• B) \(\frac { 1 } { 28 }\)
• C) \(\frac { 1 } { 14 }\)
• D) \(\frac { 1 } { 19 }\)

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Definitions:

Profit Maximization

The process of increasing a company's profit to the highest possible level through the adjustment of sales, production, and pricing strategies.

Society's Resources

The assets, both tangible and intangible, that are available for use by the members of a society.

Government Intervention

Actions taken by a government to influence or directly regulate economic, social, or other activities within a country.

Socioeconomic

Pertaining to the relationship between social and economic elements.