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Instruction 4-6
At a NSW University,60% of the students are from NSW,30% are from interstate,and the remaining 10% are from overseas.All students must take and pass an English Proficiency Test (EPT)before they graduate.60% of the NSW students have passed the EPT,70% of the interstate students have passed the EPT,and 90% of the overseas students have passed the EPT.
-Referring to Instruction 4-6,the probability that a randomly selected student has passed the EPT is ________.
Capitalism
Economic system that rewards companies for their ability to perceive and serve the needs and demands of consumers; also called the private enterprise system.
Private Enterprise System
An economic system where private individuals or businesses own capital goods and have the freedom to operate for profit with minimal government intervention.
Raw Materials
Basic substances in their natural, modified, or semi-processed state, used as inputs for manufacturing finished goods.
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