Estimate the Probability of the Event

question 2

Multiple Choice

Estimate the probability of the event
-Assume that one student in your class of 31 students is randomly selected to win a prize. Would it be "unusual" for you to win?

• A)No
• B)Yes

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Definitions:

Cash Balance

The amount of cash a company or individual has available after all transactions have been accounted for.

Withdrawal

The act of taking money from an account, or the removal of assets or resources, often applicable in banking and partnerships.

Telephone Bill

A telephone bill is a periodic charge levied on individuals or businesses for the use of telecommunication services.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, leading to net profit or loss.