The Results of a Survey of 800 Married Couples and the Number

question 78

Short Answer

The results of a survey of 800 married couples and the number of children they had is shown below.
If a couple is selected at random, what is the probability that the couple will have
a.Less than 4 children?
b.More than 2 children?
c.Either 2 or 3 children?

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Definitions:

Going-Private Transaction

A corporate action in which a company's outstanding public shares are bought out, usually by a private investor, to delist it from public stock exchanges.

Reverse IPO

A process where a private company becomes publicly traded by acquiring a majority stake in a public company, bypassing traditional initial public offerings (IPO) processes.

Synergistic Benefits

The additional value created by combining two companies, often resulting in efficiencies or enhanced market power.

Complementary Resources

Additional resources or assets that enhance or improve the effectiveness of existing resources when used together.