Examlex
In a report on high school graduation,it was stated that 85% of high school students graduate.Suppose 3 high school students are randomly selected from different schools.
-What is the probability that exactly one of the three students graduate?
Capacity
The maximum amount of something that a facility or system can contain or produce.
Principal-Agent Problems
A situation in economics where one party (the agent) is expected to act in the best interest of another party (the principal) but may have the incentive to act in their own interest instead.
Agent
Individual employed by a principal to achieve the principal’s objective.
Principal
Individual who employs one or more agents to achieve an objective.
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