State Whether There Is One Way for the Given Observation

question 35

Multiple Choice

state whether there is one way for the given observation to occur (outcome) or more than one way for the given observation to occur (in which case it is an event) .
-Tossing two tails with three fair coins

• A) Outcome
• B) Event

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Definitions:

English Auction

A bidding process where participants bid openly against one another, and the item is sold to the highest bidder.

Estimates Values

An approximation of the worth of goods, services, or financial instruments calculated through analysis or assessment techniques.

High-value

Describes goods, services, or properties that possess a significant worth or quality compared to others of a similar nature.

Winning Price

The final price at which a good or service is sold in an auction or competitive bidding process.