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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
In a recent survey of 300 teenagers,62% of the teenagers indicated that they had been to a movie within the past month.75% of those teenagers who had seen a movie also had gone out to dinner in the past month,while only 64% of the teenagers who had not seen a movie had been out to dinner in the past month.Define the random variables as follows:
X = 1 if teenager had been to movie;X = 0 otherwise
Y = 1 if teenager had been out to dinner;Y = 0 otherwise
-Find and interpret the covariance between X and Y.
Expertise, Wisdom
The comprehensive knowledge or skill in a particular area combined with the judgement and experience to use such knowledge wisely.
Faculty Brain
An informal term possibly referring to the collective intelligence or cognitive abilities of the members of an educational institution's faculty.
Entrepreneurial Process
Involves the steps of identifying an opportunity, developing a business plan, determining the required resources, launching the new venture, and managing its growth.
Economic Expansion
A phase in which a country's economy grows stronger, characterized by increased output, employment, and trade.
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