Which of the Following Statements Expresses a Probability

question 11

Multiple Choice

Which of the following statements expresses a probability?

• A)One entry out of every 300 will win a prize.
• B)Two members of the book club are dominating the discussion.
• C)A coin was flipped four times and the results were recorded.
• D)A meteoroid could strike the Earth in the next 20 years.
• E)The painting is likely to fetch at least $2,000 at auction.

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Definitions:

Sum of Squares for Regression

A measure in statistical analysis that quantifies the variation in a dependent variable explained by one or more independent variables.

SSR

Sum of Squares due to Regression, a measure used in statistical analysis to determine the variance explained by a linear regression model.

Economics

The social science that studies how individuals, governments, firms, and nations make choices on allocating resources to satisfy their wants and needs.

Income

The amount of money or its equivalent received during a period of time in exchange for labor or services, from the sale of goods or property, or as a profit from financial investments.