Find the Probability $\frac { 1 } { 8 }$ B) $\frac { 1 } { 32 }$

question 14

Multiple Choice

Find the probability.
-Container A has balls numbered 1 through 8. Container B has balls numbered 1 through 4. What is the probability that a 4 is drawn from A followed by a 2 from B?

• A) \(\frac { 1 } { 8 }\)
• B) \(\frac { 1 } { 32 }\)
• C) \(\frac { 3 } { 8 }\)
• D) \(\frac { 1 } { 16 }\)

Comprehend the concept of Giffen goods and their unique characteristics.

Identify the total effect of a price change on consumption.

Analyze the impact of price changes on consumption patterns through graphical analysis.

Understand the basic components and parties involved in insurance contracts.

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Definitions:

Economic Espionage

The act of obtaining trade secrets from business competitors through illegal means for commercial advantage.

Foreign Governments

The governing bodies of countries other than one's own, which operate under different legal and political systems.

Prescribed Penalty

A specific punishment or consequence that is mandated for a particular violation or offense.

Networked Global Marketspace

An integrated and interconnected digital environment that allows for the buying, selling, transferring, or exchange of products and services globally via the Internet.