The Following Distribution Table Represents Preferences for Two Types of Cereals

question 43

Multiple Choice

The following distribution table represents preferences for two types of cereals by 2000 boys and girls. If two different children are randomly selected, determine the probability that they both prefer the
Fruity Cereal.

• A) 500/1,000 * 499/1,000
• B) 500/2,000 * 499/1,999
• C) 1200/2,000 * 1,199/2,000
• D) 1,200/2,000 * 1,199/1,999
• E) None of the choices are correct

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Definitions:

Opportunity Costs

Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.

Gain From Trade

The benefit or advantage resulting from the exchange of goods or services between parties.

International Trade

The movement of goods and services across the demarcations of international borders or territories.

Benefit All

A principle or approach aimed at ensuring policies or actions lead to positive outcomes for the entire population or group involved, not just a select few.