The Probability of the Occurrence of Event a in an Experiment

question 56

Multiple Choice

The probability of the occurrence of event A in an experiment is 1/3. If the experiment is performed 2 times and event A did not occur, then on the third trial event A

• A) must occur.
• B) may occur.
• C) could not occur.
• D) has a 2/3 probability of occurring.

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Definitions:

Rent Control

Government policies or laws that limit the rent landlords can charge for housing, intended to make housing affordable.

Price Ceiling

A government-imposed limit on the price charged for a product or service, intended to prevent prices from rising above a certain level.

Housing

Structures and buildings that are used as homes, providing shelter and living spaces for individuals and families.

Supply Curve

A graphical representation showing the relationship between the prices of goods and the quantity that producers are willing to supply at those prices.