Use the Following Information to Answer the Question

question 2

Multiple Choice

Use the following information to answer the question. Suppose that a recent poll of American households about pet ownership found that for households with a pet, 39% owned exactly a dog, 33% owned a cat, and 7% owned a bird. Suppose that three households are selected randomly and with replacement.
-What is the probability that none of the three randomly selected households own a bird? (Round to the nearest hundredth)

• A)0.86
• B)0.80
• C)0.93
• D)None of these

---

Definitions:

Cooperate

To work or act together towards a common goal or benefit, often seen in contexts of game theory, business, and social interactions.

Defect

An imperfection or shortcoming in a product, system, or process that detracts from its intended function or performance.

Payoff

The return or profit gained from an investment or decision.

Prisoner's Dilemma

A theoretical framework in game theory illustrating that two rational individuals might not cooperate, even if it appears that it is in their best interest to do so.