Determine Whether the Following Is a Probability Model A) Yes
B)

question 15

Multiple Choice

Determine whether the following is a probability model.
- $\begin{array}{l|c}\text { Outcome } & \text { Probability } \\\hline \text { Red } & 0.16 \\\text { Blue } & 0.17 \\\text { Green } & 0.25 \\\text { White } & 0.27\end{array}$

• A) Yes
• B) \(\mathrm { No }\)

---

Definitions:

Growth Rate

The rate at which a company's sales or revenues increase over a specified time period.

Catch-Up Growth

The process by which a country or economy grows rapidly in order to close the gap with more developed economies.

GDP Per Person

A measure of a country's economic output that accounts for its population, calculated by dividing the GDP by the total population.

Real GDP

The total value of all goods and services produced by a country in a year, adjusted for inflation, reflecting the economy's actual growth.