THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 85

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
James' Surfboard Shop makes surfboards by hand.The number of surfboards that James makes during a week depends on the wave conditions.James has estimated the following probabilities for surfboard production for the next week.

Let A be the event that James produces more than seven surfboards.Let B be the event that James produces exactly six surfboards.
-What is the probability of event A?

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Definitions:

General Journal

A primary accounting record used to record all financial transactions in chronological order.

Advance Premium

Payment made in advance for insurance coverage, often resulting in a discount or ensuring the policy remains active without interruption.

Workers' Compensation

An insurance scheme designed to provide medical assistance and compensate for lost wages to employees injured during their work.

General Journal

A primary accounting record where financial transactions are recorded in chronological order, before being posted to specific accounts in the general ledger.