If an Experiment Consists of Five Outcomes, With $P \left( O _ { 1 } \right) =$

question 5

Short Answer

If an experiment consists of five outcomes, with $P \left( O _ { 1 } \right) =$ 0.10, $P \left( O _ { 2 } \right) =$ 0.10, $P \left( O _ { 3 } \right) =$ 0.30, $P \left( O _ { 4 } \right) =$ 0.25, then $P \left( O _ { s } \right)$ is: $$\begin{array} { | l | l | } \hline \text { A. } & 0.75 . \\\hline \text { B. } & 0.25 . \\\hline \text { C. } & 0.20 . \\\hline \text { D. } & 0.80 . \\\hline\end{array}$$

Analyze the impact of social movements on societal change.

Describe theories related to social change.

Understand the concept of digital divides and their societal implications.

Recognize the influence of societal trends and behaviors on collective actions.

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Definitions:

Marginal Productivity Theory

An economic theory that suggests the value of a good or service is determined by the marginal productivity of the inputs used in its production.

Perfectly Competitive

A market structure where many firms sell identical products, entry and exit are easy, and no single buyer or seller can influence the market price.

Equilibrium Value

The stable value at which supply equals demand for a particular good, service, or financial instrument, leading to a balanced market condition.

Marginal Product

The additional output that results from using one more unit of a particular input, while holding other inputs constant.