Regarding Probability, Which of the Following Statements Is True

question 9

Multiple Choice

Regarding probability, which of the following statements is true?

• A) A statement is certain if its likelihood of being true is at least 95%.
• B) To be possible, a statement has to have greater than a 50% chance of being true.
• C) A statement is possible if there is even the slightest chance, however small, that it might be true.
• D) No statement has a 0% chance of being true.

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Definitions:

Per-Worker Production Function

A mathematical relation showing the output produced per worker as a function of the level of capital per worker, holding technology constant.

Output Per Worker

The average amount of goods or services produced by an employee in a given period, indicating labor productivity.

Current Technology

Current technology refers to the latest or most advanced technological innovations, tools, and practices available for use in various industries or activities.

Technological Improvement

The process of innovation where better technologies make production more efficient, leading to higher output with the same input.