A Fair Die Is Rolled Four Times

question 50

Multiple Choice

A fair die is rolled four times. What is the probability that it comes up 1 at least once?

• A) 0.1667
• B) 0.4213
• C) 0.5177
• D) 0.8333

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity.

Variable Costs

Costs that vary directly with the level of production or service delivery.

Flexible Budget

A budget designed to adapt in accordance with fluctuations in activity level or volume.

Contribution Margin

The amount by which sales revenue exceeds variable costs of a product, indicating how much contributes to covering fixed costs and generating profit.