Find the Indicated Probability $\frac { 1 } { 729 }$

question 54

Multiple Choice

Find the indicated probability.
-Find the probability of correctly answering the first 3 questions on a multiple choice test if random guesses are made and each question has 6 possible answers.

• A) \(\frac { 1 } { 729 }\)
• B) \(\frac { 1 } { 2 }\)
• C) \(\frac { 1 } { 216 }\)
• D) 2

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Definitions:

Total Return

The overall financial gain or loss on an investment, considering both capital gains and income such as interest or dividends.

Dividend

A portion of a company's earnings that is paid to shareholders, usually on a regular basis.

Nominal Rate

The officially declared or promoted rate of interest for a loan or investment, excluding the effects of compounding or any associated fees.

Loan

A borrowed sum of money that is expected to be paid back with interest.