A and B are partners in a firm sharing profits in the ratio 4:3. They
admit C as a partner giving him 1/6 share. A and B decided to share
future profits equally. Compute sacrificing ratio and new ratio of
partners.
[Ans. New Ratio 5:5:2; Sacrificing Ratio 13:1]
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A hospital record shows that 75% of patients suffering from a certain disease die because of it. 6 patients are randomly selected out of the given records. Explain in detail the characteristics features of the probability distribution used in this scenario.
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