What Is the Probability That in Three Consecutive Rolls of Two

question 188

Multiple Choice

What is the probability that in three consecutive rolls of two fair dice, a person gets a total of 7, followed by atotal of 11, followed by a total of 7? Round to the nearest ten-thousandth.

• A) 0.0015
• B) 0.1667
• C) 0.2876
• D) 0.0012

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Definitions:

Public Utilities

Companies that provide essential services to the public such as water, electricity, and telecommunications, often subject to government regulation due to their nature of operation.

LRAC Curve

Long-Run Average Cost curve, showing the minimum average cost of production at different levels of output when all inputs are variable.

Total Cost

The complete cost of production, including both fixed and variable costs.

Barrier To Entry

Factors that prevent or hinder companies from entering a specific market or industry.