Mini Car Motors Offers Its Luxury Car in Three Colors

question 32

Essay

Mini Car Motors offers its luxury car in three colors: gold,silver and blue.The vice president of advertising is interested in the order of popularity of the color choices by customers during the first month of sales.
a.How many sample points are there in this experiment?
b.If the event A = gold is the most popular color,list the outcome(s)in event A.
c.If the event B = blue is the least popular color,list the outcome(s)in ASYMBOL 199 \f "Symbol"B.
d.List the outcome(s)in ASYMBOL 199 \f "Symbol"B^c.

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Definitions:

Marginal Cost Curve

A graphical representation of the change in total production costs with respect to the change in the quantity produced.

Constant

A fixed value that does not change in mathematical equations or scientific experiments, often representing fundamental principles or conditions.

Long-run Cost Curve

A graphical representation of the costs incurred by a firm to produce different levels of output in the long run when all inputs are variable.

Production Costs

The total expense incurred in manufacturing a product or providing a service, including materials, labor, and overhead costs.