Job Applicants Narrative
Five applicants apply for two jobs. Applicants A and B are male; applicants C, D, and E are female. The personnel officer selects two applicants at random to fill the two jobs.
-A sample space S consists of five simple events with the following probabilities:
P( 
) = P( 
) = 0.20, P( 
) = 0.45, and P( 
) = 2P( 
).
a. Find the probabilities for simple events 
and 
.
b. Find the probabilities for these two events: A: 
, 
, 
and B: 
, 
.
c. List the simple events that are in either event A or event B or both.
d. List the simple events that are in both event A and event B.
Definitions:
Financial Data
Quantitative details about the financial status of a company, including balance sheet, income statement, and cash flow statement information.
Residual Income
Income that continues to be generated after the initial effort has been expended, often used in personal finance and corporate finance to denote surplus cash flows.
Invested Assets
Invested assets refer to the resources that have been allocated by an individual or company toward investments with the expectation of generating future profits.
Total Assets
The sum of all resources controlled by a company as a result of past transactions, expected to provide future economic benefits, including both current and non-current assets.
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