Find the Indicated Probability $\frac { 3 } { 10 }$

question 103

Multiple Choice

Find the indicated probability.
-A bag contains 6 red marbles, 3 blue marbles, and 1 green marble. Find P(not blue) .

• A) 7
• B) \(\frac { 3 } { 10 }\)
• C) \(\frac { 10 } { 7 }\)
• D) \(\frac { 7 } { 10 }\)

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Definitions:

Utility-maximizing

The economic principle whereby consumers adjust their consumption of goods and services to achieve the highest level of satisfaction or utility.

Downward-sloping

Downward-sloping describes a curve or line on a graph that exhibits a decline from left to right, often used to illustrate decreasing prices or quantities in economics.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers at various prices, typically downward sloping.

Marginal Utility

The shift in happiness or benefit a person receives from using one more unit of a particular product or service.