Event 1C Given the Following Event

question 39

Multiple Choice

Event 1C
Given the following event:
Suppose an irregular 5-sided solid object, having sides numbered 1 through 5, is rolled 100 times, and side 3 turns up 16 times.
-What is the approximate probability of Event 1C happening?

• A) .08
• B) .32
• C) 1/16
• D) .20
• E) .16

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Definitions:

Cartel

An association of manufacturers or suppliers designed to maintain high prices and restrict competition.

Demand Curve

A graph representing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at each price.

Discount Sources

Refers to methods or approaches utilized to obtain discounts or reduce costs on purchases and services.

Cost Function

A mathematical formula that describes how production costs change at different output levels.