A Teacher Asked His Students, "Do You Have a Computer

question 61

Essay

A teacher asked his students, "Do you have a computer at home?" The responses are shown in the
following table. If a student is selected at random, find the probability that
(a)the student did not answer the question.
(b)the student is a girl or answered "No."
(c)the student is a boy or answered "Yes."

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Definitions:

Relative Purchasing Power Parity

A theory that states the rate of appreciation or depreciation of one currency relative to another will equal the rate of inflation differentials between the two countries.

Expected Inflation

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is expected to fall.

Absolute Purchasing Power Parity

A theory that suggests that the price of goods in different countries should be equal when measured in a common currency.

Exchange Rate

The price of one country's currency in terms of another currency or currencies.