Airplanes are by far the safest mode of transportation when the number of transported passengers is measured against personal injuries and fatality totals. Previous records state that the probability of an airplane crash is \( 0.00001\% \). Further, there are 95% chances that there will be survivors after a plane crash. Assume that in case of no crash, all travellers survive. Let \( E_1 \) be the event that there is a plane crash and \( E_2 \) be the event that there is no crash. Let \( A \) be the event that passengers survive after the journey. On the basis of the above information, answer the following questions:
(i) Find the probability that the airplane will not crash.
(ii) Find \( P(A \,|\, E_1) + P(A \,|\, E_2) \).
(iii)
(a) Find \( P(A) \).
OR
(b) Find \( P(E_2 \,|\, A) \).
(i) Probability that the airplane will not crash:
The probability of a plane crash is: \[ P(E_1) = 0.00001\% = \frac{0.00001}{100} = 10^{-7}. \] The probability that the airplane will not crash is: \[ P(E_2) = 1 - P(E_1) = 1 - 10^{-7}. \]
Solution:
\[ \boxed{P(E_2) = 1 - 10^{-7}.} \]
A gardener wanted to plant vegetables in his garden. Hence he bought 10 seeds of brinjal plant, 12 seeds of cabbage plant, and 8 seeds of radish plant. The shopkeeper assured him of germination probabilities of brinjal, cabbage, and radish to be 25%, 35%, and 40% respectively. But before he could plant the seeds, they got mixed up in the bag and he had to sow them randomly.
Given three identical bags each containing 10 balls, whose colours are as follows:
Bag I | 3 Red | 2 Blue | 5 Green |
Bag II | 4 Red | 3 Blue | 3 Green |
Bag III | 5 Red | 1 Blue | 4 Green |
A person chooses a bag at random and takes out a ball. If the ball is Red, the probability that it is from Bag I is $ p $ and if the ball is Green, the probability that it is from Bag III is $ q $, then the value of $ \frac{1}{p} + \frac{1}{q} $ is:
Rupal, Shanu and Trisha were partners in a firm sharing profits and losses in the ratio of 4:3:1. Their Balance Sheet as at 31st March, 2024 was as follows:
(i) Trisha's share of profit was entirely taken by Shanu.
(ii) Fixed assets were found to be undervalued by Rs 2,40,000.
(iii) Stock was revalued at Rs 2,00,000.
(iv) Goodwill of the firm was valued at Rs 8,00,000 on Trisha's retirement.
(v) The total capital of the new firm was fixed at Rs 16,00,000 which was adjusted according to the new profit sharing ratio of the partners. For this necessary cash was paid off or brought in by the partners as the case may be.
Prepare Revaluation Account and Partners' Capital Accounts.
On the basis of the following hypothetical data, calculate the percentage change in Real Gross Domestic Product (GDP) in the year 2022 – 23, using 2020 – 21 as the base year.
Year | Nominal GDP | Nominal GDP (Adjusted to Base Year Price) |
2020–21 | 3,000 | 5,000 |
2022–23 | 4,000 | 6,000 |