Which of the Following Probabilities Would Be Best Determined by Using

question 42

Multiple Choice

Which of the following probabilities would be best determined by using the method of equal alternatives?

• A)the odds that the next car that passes will be white
• B)the odds that the proper diagnosis for a patient is diabetes
• C)the odds that a flipped coin will land heads up 10 times in a row
• D)the odds that a 35-year-old woman will die during the term of her life insurance policy
• E)the odds that a nuclear reactor will fail

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Definitions:

Normative Question

Involves value judgments about what ought to be and discusses what should be done based on subjective criteria.

Regressive Nature

Regressive nature typically refers to a situation or policy that disproportionately affects those with lower incomes more adversely than those with higher incomes.

Excise Tax

A tax levied on specific goods, services, or transactions, often included in the price of the product or service.

Positive Economics

A branch of economics that seeks to describe and explain economic phenomena, focusing on factual and objective analysis without prescribing policies.