Consider a Collection of 240 Snakes Where 40 of Them

question 8

Multiple Choice

Consider a collection of 240 snakes where 40 of them are cobras, 60 are rattlesnakes, 60 are boas, and 80 are anacondas. Cobras and rattle snakes are venomous, whereas boas and anacondas are not. If a snake is randomly chosen from this population, what is the probability it will be either a boa or venomous?

• A) 0.167
• B) 0.417
• C) 0.583
• D) 0.666

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Definitions:

Market Share

The share of a market held by a certain company or product.

Share Point

Share Point is a collaborative platform developed by Microsoft that allows for document management and storage, team collaboration, and information sharing across an organization.

Marginal Market Share

The additional market share a company gains over a certain period of time, indicating its growth or loss in market position.

Sales Response Margin

A metric that measures the change in sales volume or revenue in response to a change in marketing efforts or expenses.