Choose the One Alternative That Best Completes the Statement or Answers

question 3

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-A bag contains 13 balls numbered 1 through 13. What is the probability of selecting a ball that has an even number when one ball is drawn from the bag?

• A) \(\frac { 13 } { 6 }\)
• B) 6
• C) \(\frac { 6 } { 13 }\)
• D) \(\frac { 2 } { 13 }\)

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Definitions:

Drug Sales

The commercial activity of selling medications, including both prescription drugs and over-the-counter products.

Deadweight Loss

The loss of economic efficiency when the equilibrium outcome is not achievable or not achieved.

Competitive Level

The point where an entity can effectively compete in the market, usually by matching or surpassing competitors' offerings.

Consumer Surplus

The gap between the total price consumers are ready and able to pay for a good or service versus what they actually spend.