The Probability of an Event Can Be Expressed as a Percentage

question 2

Multiple Choice

The probability of an event can be expressed as a percentage between 0 and ______.

• A) 10
• B) 50
• C) 75
• D) 100

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Definitions:

Capital

The buildings, equipment, and human skills used to produce goods and services.

Scarcity

The fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.

Choices

The selection between alternative courses of action in decision-making scenarios.

Rationality

The quality of being based on or in accordance with reason or logic, often associated with decision-making processes that are efficient or optimal.