Find the Probability $\frac { 5 } { 9 }$ B) $\frac { 7 } { 9 }$

question 33

Multiple Choice

Find the probability.
-When two balanced dice are rolled, there are 36 possible outcomes. Find the probability that the Sum is a multiple of 3 or greater than 6.

• A) \(\frac { 5 } { 9 }\)
• B) \(\frac { 7 } { 9 }\)
• C) \(\frac { 29 } { 36 }\)
• D) \(\frac { 13 } { 18 }\)

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Definitions:

Profit-Maximizing Firm

A company that aims to achieve the highest possible profit given its production costs and market conditions.

Non-Negative Economic Profit

A situation where a firm's total revenues are equal to or greater than its total costs, indicating no loss.

Perfectly Competitive Firm

A company that operates in a market where there are many buyers and sellers, no barriers to entry, and the product is homogeneous, leading to no control over price by individual firms.

Market Price

The contemporary selling or buying price for an asset or service.