What negative effect can
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The probability that the two balls are chosen <u>will differ by more than 2</u> is 43/45
Probability is the likelihood or chance that an event will occur.
If a box contains 10 equal-sized balls and 2 balls are chosen at random from the box, the total outcome will be expressed as:
If the number on the two balls chosen will<u> differ by less than or equal to 2,</u> the expected outcomes are (1, 2), (1, 3) that is 2 outcomes
The probability that the two balls are chosen will differ by less than or equal to 2 is 2/45
The probability that the two balls are chosen <u>will differ by more than 2</u> is 1 - 2/45 = 43/45
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The information which can be deduced from this graph on green tea are:
B. Green tea is inelastic in terms of supply.
E. The supply of green tea does not change sharply with the price.
<h3>What is supply?</h3>Supply can be defined as the total quantity of goods or services that are demanded by consumers at a given period of time.
<h3>The types of supply.</h3>In Economics, there are two main types of supply and these include:
- Elastic supply
- Inelastic supply
Inelastic supply is a situation that occurs when the quantity of goods or services that the producers are willing to produce, doesn't change as the price of goods or services increases.
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