When a Probability Is Expressed as a Fraction, It Must

question 22

Multiple Choice

When a probability is expressed as a fraction, it must be a number between:

• A)-1 and 1
• B)0 and 1
• C)1 and 2
• D)-10 and 10
• E)1/2 and 1

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Definitions:

Cognition

The mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.

Financial Risks

The possibility of losing financial investment due to various factors including market volatility, inflation, and other economic conditions.

Heuristics

Mental shortcuts or rules of thumb that simplify decision making, not always perfectly accurate but useful for quick judgments.

Concept

An abstract idea or a mental symbol that represents a specific thing, suitable for categorization or understanding.