You Take a Trip by Air That Involves Three Independent

question 41

Multiple Choice

You take a trip by air that involves three independent flights. If there is a 90 percent chance each specific leg of the trip is done on time, what is the probability all three flights arrive on time?

• A) 0.729
• B) 0.810
• C) 0.270
• D) 0.271
• E) 0.000

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Definitions:

Profits

The financial gain obtained when revenues generated from business activities exceed the expenses, costs, and taxes associated with sustaining the business.

Dividends

Payments made by a corporation to its shareholders from its profits.

Codes of Conduct

Written guidelines that outline the expected ethical behaviors and norms for individuals within an organization or profession.

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Internal guidelines and rules set by a business to govern its operations, employee behavior, and decision-making processes.