Of the Last 100 Customers Entering a Computer Shop, 25

question 28

Multiple Choice

Of the last 100 customers entering a computer shop, 25 have purchased a computer. If the purchases of customers are independent of one another, the probability that the next customer will purchase a computer is

• A) 0.50.
• B) 1.00.
• C) 0.25.
• D) 0.0625.
• E) 0.75.

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Definitions:

Combinations Of Output

Various possible quantities of different goods that can be produced or provided given certain resources and technology.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than another.

Opportunity Cost

The worth of the best alternative that is given up to make a decision.

Calculations

The process of determining the result of mathematical or logical operations or expressions.