If the Probability of an Event Occurring Is 50%, What

question 3

Multiple Choice

If the probability of an event occurring is 50%, what is the probability of that event occurring 5 times in a row?

• A)1/20
• B)1/2
• C)1/8
• D)1/32

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Definitions:

GDP

Gross Domestic Product, the total market value of all final goods and services produced within a country in a given period.

Public Infrastructure

The foundational facilities and systems serving a country, city, or area, including the services and facilities necessary for its economy to function, such as transportation, communication, sewage, water, and electric systems.

Public Debt

The total amount of money that a government has borrowed and not yet repaid, including both internal and external borrowings.

GDP

A rephrased definition: The sum value of all goods and services produced over a specific time frame within a nation's borders.