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notsponge [240]
3 years ago
5

A study by the National Park Service revealed that 50 percent of vacationers going to the Rocky Mountain region visit Yellowston

e Park, 40 percent visit the Tetons, and 35 percent visit both. a. What is the probability a vacationer will visit at least one of these attractions? b. What is the probability 35 called? c. Are the events mutually exclusive? Explain.
Business
1 answer:
marysya [2.9K]3 years ago
8 0

Answer:

a) 55%

b) Joint Probability

c) They are not mutually exclusive

Explanation:

Part 1 of the Question

First, we determine the formula for calculating the probabilities of Yellowstone Park and the Tetons as follows

Probability of Yellow Stone = <em>p(</em>Yellowstone)= 0.5 or 50%

Probability of Tetons = <em>p(</em>Tetons)= 0.4 or 40%

Probability of Both = <em>p(</em>Both)= 0.35 or 35%

Therefore, the probability of visiting at least one by a vacationer is as follows:

p(At least One) =  <em>p(</em>Yellowstone or Tetons)

=  <em>p(</em>Yellowstone) + <em>p(</em>Tetons) - <em>p(</em>Both)

= 50%+40%-35%

= 0.5+0.4-0.35

= 0.55 or 55%

Part 2 of the Question

First the probability of 35% represents the possibility of a vacationer visiting the two locations, hence, it can be called the percentage of intersection between Tetons and Yellowstone. It is also referred to as joint probability

Part 3 of the Question

Once event are mutually exclusive, it means they cannot be carried out or considered together. In other words, one becomes an alternate cost for the other. This means going to Yellowstone means the vacationer cannot go to Tetons and vice versa. In this situation, the joint probability will not be possible (0%). Since, we already know that there is a joint probability of 35%, it means <u>the events are not mutually excusive</u>

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Answer:

franchising

Explanation:

According to my research on different business strategies, I can say that based on the information provided within the question Entrepreneurs purchasing such a license are engaging in franchising. This is when the owner of a brand licenses the name to a specific individual so that individual can open up his/her own store using that name and reputation. These licenses come with certain requirements placed by the owner of the brand that the buyer must follow.

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2 years ago
In what positive and negative ways has the Internet changed the conduct and coordination of global business?
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Answer: Positive ways; Barriers in connecting is slightly no more, Negative ways; Increase in fraud and cyber theft

Explanation:

The internet has changed the conduct and cordination of global business in many ways both positively and negatively. Considering the positive ways

Positive Ways: Barriers in connecting is slightly no more: connecting to one another has been made easy to do business recently, people in continents can carry out a transaction and a trade under minutes of interaction and get the goods and services exchanged among each other immediately.

Negative ways; Increase in fraud and cyber theft; despite the swift nature of doing business now, it has also Increased fraud as some people disguise themselves to be traders and businessmen just to collect people's money.

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2 years ago
In a within-groups design, each participant experiences all levels of the –. There are two types of this design. The first is th
kati45 [8]

In a within-groups design, there are two types of this design which are:

  • The repeated-measures design
  • The concurrent-measures design

<h3>What is  within-groups design?</h3>

A within-groups design is known to be a kind of an experimental design that is one where each participant is said to often experiences the total levels of the independent variable.

Note that there are two types of this design which is the repeated-measures design whose role is to measure or one  where participants are said to be opened to a lot of levels of the independent variable and they are known to be tested on the dependent variable after every exposure.

The second is said to be the concurrent-measures design and this is one where participants are said to communicate with the different levels of the independent variable in a simultaneous way..

Hence, In a within-groups design, there are two types of this design which are:

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Learn more about concurrent-measures design  from

brainly.com/question/25662476

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8 0
1 year ago
Type the correct answer in the box. Spell all words correctly. Which drawback of being an entrepreneur can disrupt your personal
sweet-ann [11.9K]

Answer:

an unpredictable and long work schedule

Explanation:

Being an entrepreneur requires a lot of effort, passion and time. The most scarce resource of all is time, since not even the richest person in the world can add more hours to a day. An entrepreneur must work a lot in order to make his/her company succeed and a lot of work takes a lot of time. An entrepreneur's work schedule is both unpredictable and extremely long. Such a combination is sometimes terrible for your personal life. That is why many entrepreneurs actually work with their partners, e.g. small businesses are generally run by families. If work will absorb so much of your time, you might share your work with your loved ones.

7 0
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Anna11 [10]

Answer:

Initial Cost = $180

Explanation:

Payback period estimates the time an investment projects resulting cash flows take to recover the initial amount o=invested in the project. A traditional payback period doesnot take present value into account and just focuses on the nominal recovery of the initial investment.

If a capital budgeting project provides inflows of $50 per year and the payback period is 3.6 years, the initial investment is:

3.6 = 50 + 50 + 50 + x

Where x = 0.6 of 50

and x = 0.6 * 50 = 30

Initial cost = 50 + 50 + 50 + 30 = $180

3 0
3 years ago
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