Examlex
Use the special multiplication rule to find the indicated probability.
-When a pair of dice is rolled there are 36 different possible outcomes: 1-1, 1-2, ... 6-6. If a pair of dice is rolled 3 times, what is the probability of getting a sum of 5 every time?
Consumer Surplus
The difference in total payment consumers are able and willing to offer for a good or service, compared to the payment they actually provide.
Government Spending
Expenditures made by the government for its operations, investments, and social programs.
Subsidy
Financial support provided by the government to individuals, businesses, or industries, usually to encourage the production of certain goods or services.
Cotton Farmers
Agricultural producers who specialize in the cultivation of cotton plants for the fiber and seeds they produce.
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