Exams Are Approaching and Helen Is Allocating Time to Studying

question 38

Essay

Exams are approaching and Helen is allocating time to studying for exams.She thinks that with the appropriate amount of studying,she has a 70% chance of getting an A in Spanish,and a 20% chance of getting a B in Marketing.What is the probability that Helen gets an A or a B in Marketing?

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Definitions:

Gain-Sharing Plans

Incentive programs where employees receive benefits from improvements in the company's performance, fostering a culture of collaboration and efficiency.

Cost Savings

The reduction in expenses achieved through efficient management, elimination of waste, or other means, contributing to improved financial performance.

Profit Sharing

A compensation strategy where employees receive a portion of the company's profits, aligning their interests with the financial success of the business.

Gain-Sharing

A plan that allows employees to share in cost savings or productivity gains realized by their efforts.