Answer the Question, Considering an Event to Be "Unlikely" If

question 51

Multiple Choice

Answer the question, considering an event to be "unlikely" if its probability is less than or equal to 0.05.
-If a person told you in what month he was born, would it be unlikely to guess the date of his birth (not including the year) ?

• A) Yes
• B) No

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Definitions:

Pollution Fee

A charge imposed on entities that emit pollutants, aimed at reducing environmental damage by incorporating the cost of pollution into the emitter's financial calculations.

Marginal External Cost

The cost of producing one additional unit of a good or service that is borne by society but is not considered by the produce.

Marginal Social Cost

The total cost to society of producing an additional unit of a good or service, including both the private costs and any external costs.

Oil Refinement

The industrial process of transforming crude oil into usable products including fuels, lubricants, and petrochemicals.