There are approximately 7.8 billion people in the world and about two thousand billionaires. About 7 percent of the world's population has a college degree, and approximately 1/3 of people who started college complete it. Assume that everyone who becomes a billionaire started college. Fill in the blank with one of the following options:
There are approximately 7.8 billion people in the world and about two thousand billionaires. About 7 percent of the world's population has a college degree, and approximately 1/3 of people who started college complete it. Assume that everyone who becomes a billionaire started college. Fill in the blank with one of the following options:
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Q1a. Bllionaires are ____ likely to have a college degree than non-billionaires.
a. 10 percentage points less
b. 100 percentage points more
c. 65 percentage points more
d. 35 percentage points less
e. 0.35 percentage points more
Q1b. How did you arrive at your answer in Question 1a.
b. 100 percentage points more
c. 65 percentage points more
d. 35 percentage points less
e. 0.35 percentage points more
Q1b. How did you arrive at your answer in Question 1a.
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