Find the Probability. -A Die Is Rolled 18 Times and Two Threes Come

question 307

Multiple Choice

Find the probability.
-A die is rolled 18 times and two threes come up. Round to the nearest thousandth.

• A) 0.230
• B) 0.060
• C) 0.160
• D) 0.099

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Definitions:

Marginal Benefit

The incremental advantage received by using one more unit of a good or service.

Monopolistic Competition

A market structure characterized by many firms offering differentiated products or services.

Long-Run Equilibrium

A state in which all firms in a market or industry are making normal profits, with no incentive for entry or exit, and all resources are optimally allocated.

Long-Run Equilibrium

A market condition where all inputs can be adjusted, firms are entering and exiting the market, and no economic profits are made, leading to a state of perfect competition.