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A certain weightlifter is prone to back injury. He finds that he has a 20% chance of hurting his back if he uses the proper form of bending at the hips and keeping his spine locked. The probability that he will hurt his back with bad form is 95%. The probability that he uses proper form is 75%. What is the probability he hurts his back?
Preferential Tariff
A reduced tariff rate applied to imports from certain countries, often part of a trade agreement to promote trade by lowering the cost of imported goods.
Licenses
are legal permissions granted by authorities or companies to individuals or entities, allowing them to carry out certain activities that would otherwise be prohibited.
Competitive Advantage
The attribute that allows an organization to outperform its competitors.
Organization Strategy
The overarching plan or direction a company adopts to achieve its long-term goals and objectives, taking into account its resources, capabilities, and environment.
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