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You Get a Cup of Coffee from a Vending Machine

question 32

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You get a cup of coffee from a vending machine each morning. Two mornings in a row, the machine accepts your coins but does not supply coffee. The next day you bring a thermos of coffee with you. Your reaction to the vending machine illustrates that ______________ has occurred.


Definitions:

Net Income

The amount of profit that remains after all operating expenses, taxes, and interest have been deducted from total revenue.

Random Variable

A variable that can take on different values randomly, subject to a certain probability distribution.

Net Income

The amount of money a company earns after deducting all its expenses, taxes, and costs from its total revenue.

Random Variable

A numerical variable influenced by the outcomes of a random phenomenon.

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