One Way to Establish Probability of an Event, A, Is

question 69

Multiple Choice

One way to establish probability of an event, A, is to count the number of possible outcomes, n.Then divide the number of outcomes in which A occurs by n.This method is called the:

• A)event probability generator
• B)random chance calculator
• C)count and divide technique
• D)division method
• E)method of equal alternatives

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Definitions:

Anticompetitive Export Subsidies

Financial support from a government to domestic businesses that unfairly disadvantages competitors in international markets.

Tariffs

Taxes imposed on imported goods to increase their price and protect domestic industries.

Fair Market Value

The price that a property would sell for on the open market, between a willing buyer and a willing seller, each with reasonable knowledge of the pertinent facts.

Protectionism

A government policy aimed at restricting international trade to protect domestic industries from foreign competition by imposing tariffs or quotas on imports.