equal probability
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
About 8% of the U.S. population catches the flu each season. Assuming everyone has equal probability of catching the flu, about what are the odds of catching the flu in a given season?
1. 1 in 8
2. 1 in 12
3. 1 in 18
4. 1 in 80
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