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The Date Is February 29

question 89

Multiple Choice

The date is February 29.What is the fewest number of people that must be gathered together for it to be more than likely that at least one of them has a birthday today (that is,for the probability to be greater than 0.50) ?


Definitions:

Variable Cost

Expenditures that adjust in relation to the volume of production or operational activities.

Variable Maintenance Cost

Expenses for maintenance that fluctuate depending on the level of activity or usage of equipment.

Machine-Hours

The total hours that machines are actually operating and producing outputs in a manufacturing setting.

Sales Commissions

Payments made to salespersons or employees based on the sales they generate, often calculated as a percentage of the sales volume.

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