Find the Indicated Probability $\frac { 1 } { 6 }$

question 98

Multiple Choice

Find the indicated probability.
-On a multiple choice test, each question has 6 possible answers. If you make a random guess on the first question, what is the probability that you are correct?

• A) 0
• B) \(\frac { 1 } { 6 }\)
• C) 1
• D) 6

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Definitions:

Political Economy

An interdisciplinary domain that analyzes the relationships between individuals, societies, markets, and governments, focusing on the production, distribution, and consumption of goods and services.

Capitalist Markets

Economic systems based on private ownership and the creation of goods and services for profit within a competitive marketplace.

Ameliorism

A philosophical concept focused on the belief in the power of human effort to improve society, often through reform or progressive measures.

Political Economy

The study of how economic theories and principles influence political processes and the interplay between the economy, law, and the state.