List the Elements in the Sample Space of the Experiment

question 122

Multiple Choice

List the elements in the sample space of the experiment.
-A box contains 3 blue cards numbered 1 through 3, and 4 green cards numbered 1 through 4. List the sample space of picking a blue card followed by a green card.

• A) {12}
• B) {7}
• C) {(1, 1), (1, 2), (1, 3), (2, 1), (2, 2), (2, 3), (3, 1), (3, 2), (3, 3), (4, 1), (4, 2), (4, 3)}
• D) {(1, 1), (1, 2), (1, 3), (1, 4), (2, 1), (2, 2), (2, 3), (2, 4), (3, 1), (3, 2), (3, 3), (3, 4)}

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Definitions:

Retained Earnings

The portion of net income that is not distributed to shareholders but instead is reinvested in the business or used to pay off debt.

Net Income

Net income is the total earnings of a company after all expenses and taxes have been deducted from total revenue.

Dividends

Payments made to shareholders out of a corporation's earnings.

Shareholders

Owners of shares in a corporation, holding a portion of the company's stock and thus a claim on its assets and earnings.