Find the Indicated Probability $\frac { 3 } { 8 }$

question 1

Multiple Choice

Find the indicated probability.
-A bag contains four chips of which one is red, one is blue, one is green, and one is yellow. A chip is selected at random from the bag and then replaced in the bag. A second chip is then selected at random. Make a list of the possible outcomes (for example RB represents the outcome red chip followed by blue chip) and use your list to determine the probability that the two chips selected are different colors.
(Hint: There are 16 possible outcomes.)

• A) \(\frac { 3 } { 8 }\)
• B) \(\frac { 3 } { 4 }\)
• C) \(\frac { 1 } { 2 }\)
• D) \(\frac { 3 } { 16 }\)

Recognize the role of government and central bank policies in adjusting to economic fluctuations.

Grasp the relationship between money demand and supply and its impact on economic equilibrium.

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Recognize the criteria for distinguishing normal from abnormal behavior, including adaptive functioning, personal distress, and deviation from social norms.

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