For the income and probability values shown, the probability that the income in any year will be greater than $8500 is closest to: (choose one)

(a) 0.38

(b) 0.49

(c) 0.70

(d) 0.92


P(Income > $8500) = 0.32 + 0.24 + 0.09 + 0.04
= 0.69

Answer is (c) 0.70

Trades & Technology

You might also like to view...

Answer the following statement(s) true (T) or false (F)

1. Short cycling is a condition that occurs when the compressor is turned off immediately after the pressure has been stabilized. 2. Short cycling can be acceptable in some cases. 3. Many short-cycle timers use electronic components to affect a time delay. 4. The delay-on-break short-cycle timer begins its timing sequence when the thermostat contacts close. 5. Some electronic controls combine more than one function in a single unit.

Trades & Technology

What is the benefit of an overdrive gear ratio in a transmission?

A) Lowers engine speed to obtain better fuel mileage B) Allows the uses of fewer gear sets in the transmission C) Lowers driveshaft speed D) None of these

Trades & Technology

Higher octane fuel will make any engine produce more power.

Answer the following statement true (T) or false (F)

Trades & Technology

Which type of shielding utilizes braid, foil, metal wrap, conduit or twisted wire around a conductor?

a. Cable. b. Circuit. c. Facility. d. Equipment.

Trades & Technology