The Counting Rule That Is Used for Counting the Number

question 79

Multiple Choice

The counting rule that is used for counting the number of experimental outcomes when n objects are selected from a set of N objects where order of selection is important is called the counting rule for

• A) permutations.
• B) combinations.
• C) independent events.
• D) multiple-step random experiments.

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Definitions:

Lottery

A lottery is a form of gambling that involves drawing numbers at random for a prize, often administered by state or federal governments.

Winnings

The amount of money or prizes won in a game or competition.

Worth Today

The present value of an amount of money in relation to its value in the future, considering factors like inflation and interest rates.

Interest Rate

The percentage at which interest is charged or paid on borrowed or invested money, typically expressed annually.