Find the Indicated Probability

question 102

Multiple Choice

Find the indicated probability.
-When a pair of dice are rolled there are 36 different possible outcomes: 1-1, 1-2, ... 6-6. If a pair of dice are rolled 3 times, what is the probability of getting a sum of 7 every time? Round to eight decimal places.

• A) 0.00462963
• B) 0.00735168
• C) 0.00291545
• D) 0.0476

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Definitions:

Regulatory Organization

An entity established by a government to regulate specific activities, industries, or professions.

Public Market

A transparent and regulated marketplace where securities, commodities, and other financial instruments are traded.

Journal Entry

A record in accounting that represents a transaction where debit and credit balance totals are equal.

Cash/Short-Term Securities

Liquid assets that include currency on hand and demand deposits, as well as investments with maturities of three months or less at the time of acquisition.