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A high value of cross elasticity indicates that the two commodities are close substitutes. The cross elasticity of demand for substitute goods is always positive because the demand for one good increases when the price for the substitute good increases.
A basket contains 3 yellow, 5 purple and 3 red flowers. If 3 flowers are drawn at random, what is the probability that at least two are of same colour?
A bag contains 7 blue balls, 3 red balls, and the rest are black balls. The probability of drawing a black ball from the bag is 4/9. How many black ball...
If n(A) = 25, n(B) = 40 and n(A ∪ B) = 50, then n(A ∩ B) equals
From a bag containing 12 white and 15 yellow ribbons, find the probability of picking 2 ribbons of each type at random.
What is the probability that Wye will speak truth for a particular question asked?
If from a pack of 52 playing cards, 1 card is drawn at random. What is the probability that it is either a King, Queen or a Jack?
If 2 pens are drawn at random what is the probability that none of them is blue?
Two cards are drawn together from a pack of 52 cards. The probability that one is a club and one is a diamond?
If an event E has more than one possible outcomes, it is called a ______
A bag contains 20 white and some black balls. If the probability of drawing a black ball from the bag is 1.3 times that of drawing a white ball, ...
