THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 142

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 the intersection of events A and B? Why?

---

Definitions:

Economic Conditions

The state of the economy at a given time, including variables such as inflation, unemployment, and economic growth.

Significant Influence

The power to participate in the financial and operating policy decisions of another company, but not control them.

Voting Stock

Shares that give the holder the right to vote on corporate matters, such as electing the board of directors and approving corporate policies.

Controlling Investor

An individual or entity that holds a significant portion of a company's shares or voting rights, granting them substantial influence or control over the company's decisions and policies.