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X speaks truth in 75% cases and Y in 80% cases. What is the probability that they contradict each other in stating the same fact

By SK Math Expert August 11, 2021Advanced Math, Financial Mathematics, Management, Probability & Statisticsprobability

Question : X speaks truth in 75% cases and Y in 80% cases. What is the probability that they contradict each other in stating the same fact Solution : P(X…

average rate of change in profit formula and example

By SK Math Expert March 27, 2021Financial Mathematicsprofit function

Introduction : In this question, we will present average rate of change in profit formula and example and evaluate it in various intervals for a given profit function as an…