Solve the Problem $0,0.2 , - 0.01 , - \frac { 1 } { 3 } , \frac { 1 } { 2 } , \frac { 5 } { 4 } , 1,1.5$

question 88

Multiple Choice

Solve the problem.
-In a probability model, which of the following numbers could be the probability of an outcome: $0,0.2 , - 0.01 , - \frac { 1 } { 3 } , \frac { 1 } { 2 } , \frac { 5 } { 4 } , 1,1.5$

• A) \(0,0.2 , - 0.01,1,1.5\)
• B) \(0,0.2 , \frac { 1 } { 2 } , 1\)
• C) \(0,0.2 , - 0.01 , - \frac { 1 } { 3 } , \frac { 1 } { 2 } , 1\)
• D) \(0.2 , \frac { 1 } { 2 } , 1\)

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Definitions:

Equilibrium Price

The price at which the quantity of a good supplied is equal to the quantity of the good demanded.

Price Ceiling

A legal maximum price that can be charged for a good or service, intended to protect consumers.

Price Ceiling

A legally imposed maximum price on goods or services, intended to protect consumers from high costs.

Doctor Visit

A scheduled appointment with a medical professional for the evaluation, diagnosis, or treatment of a health condition.