If the Probability Is

question 28

True/False

If the probability is .90 that a student taking this class is a Psychology major, and the probability that a student in this class has red hair is .05, then the joint probability of being a Psychology major and a red head in this class is .95.

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Definitions:

Enforcing Contracts

The legal process of ensuring that parties to a contract fulfill their obligations as specified in the contract.

World Bank

An international financial institution that provides loans and grants to the governments of poor countries for the purpose of pursuing capital projects.

Accord and Satisfaction

A legal settlement where an agreement is made to satisfy a debt or claim, followed by the actual performance of this agreement, which discharges the original claim.

Accord and Satisfaction

A legal agreement where a dispute is settled by the parties involved, wherein one agrees to accept less than what's owed and the other agrees to forgive the remainder.