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The table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activities. The President of State U decides to hire fundraising employees as long as their average benefit exceeds their average cost. This results in ______ employees being hired and a net benefit (total donations minus total labor costs) of ______.
Random Events
Outcomes or occurrences that are unpredictable and determined entirely by chance.
Probability
The measure of the likelihood that an event will occur, quantified as a number between 0 and 1, with 1 indicating certainty.
Tree Diagram
A diagram used to show the total number of possible outcomes in a probability experiment.
Simple Events
A simple event is an outcome or event that cannot be further broken down into simpler components within the context of a probability experiment.
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