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 the complement of A?
Definitions:
Financial Risk
The chance of incurring financial losses from an investment or business activity.
Operating Leverage
A measure that shows how revenue growth translates into growth in operating income, highlighting the impact of fixed costs.
Financial Performance
An assessment of how well a company can use assets from its primary mode of business and generate revenues.
ROE
Return on Equity; a financial ratio indicating the profitability of a company in relation to its equity capital.
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