Find the Probability of One Event and a Second Event $\frac { 1 } { 400 }$

question 76

Multiple Choice

Find the Probability of One Event and a Second Event Occurring
-An urn contains balls numbered 1 through 20 . A ball is chosen, returned to the urn, and a second ball i chosen. What is the probability that the first and second balls will be a 6 ?

• A) \(\frac { 1 } { 400 }\)
• B) \(\frac { 1 } { 10 }\)
• C) \(\frac { 3 } { 10 }\)
• D) \(\frac { 3 } { 20 }\)

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Definitions:

Cumulative Probability

The probability that a random variable takes on a value less than or equal to a specific value, used to understand the likelihood of different outcomes.

Monte Carlo Simulation

A computational algorithm that uses repeated random sampling to obtain numerical results, especially to calculate risks and uncertainties in predictive and forecasting models.

Cumulative Probability

The probability of obtaining a result equal to or less than a specific value within a statistically distributed set of data.

Demand Probability

The likelihood or chance that a product or service will be desired or required by the market at a certain time.