Find the Probability $\frac { 1 } { 10 }$ B) $\frac { 1 } { 7 }$

question 264

Multiple Choice

Find the probability.
-Each of ten tickets is marked with a different number from 1 to 10 and put in a box. If you draw a Ticket from the box, what is the probability that you will draw 7, 8, or 1?

• A) \(\frac { 1 } { 10 }\)
• B) \(\frac { 1 } { 7 }\)
• C) \(\frac { 3 } { 10 }\)
• D) \(\frac { 1 } { 8 }\)

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Definitions:

Commodity Prices

The market prices for raw materials or primary agricultural products that are traded on exchanges.

Exchange Rates

The value of one currency for the purpose of conversion to another, determining how much one currency is worth in terms of another.

Interest Rates

The cost of borrowing money or the return earned on an investment, usually expressed as a percentage.

Inflation

The rate at which the general level of prices for goods and services is rising, and, consequently, purchasing power is falling.