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The Table Displays the Probabilities for Each of the Six

question 52

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The table displays the probabilities for each of the six outcomes when rolling a particular unfair die. Suppose that the die is rolled once.  Outcome 123456 Probability .1.1.1.2.2.3\begin{array} { | l | l | l | l | l | l | l | } \hline \text { Outcome } & 1 & 2 & 3 & 4 & 5 & 6 \\\hline \text { Probability } & .1 & .1 & .1 & .2 & .2 & .3 \\\hline\end{array} Events A, B, C, and D are defined as follows. A: {The number is even} B: {The number is less than 4} C: {The number is less than or equal to 5} D: {The number is greater than or equal to 5} Identify one pair of independent events.


Definitions:

Excludable

Describes a good or service for which it is possible to prevent non-paying consumers from access, through mechanisms like price or physical restrictions.

Public Good

A product or service that is made available to all members of a society, typically free of charge, and which no individual can be excluded from using.

Common Resource

A shared resource that multiple parties can access and use, which often leads to overuse and depletion due to a lack of exclusive ownership.

Positive Externality

A benefit that affects a party who did not choose to incur that benefit, often associated with public goods or services that extend beyond the direct participants in an economic activity.

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