Suppose You Roll a Pair of Dice

question 49

Multiple Choice

Suppose you roll a pair of dice.What is the probability that you roll the two dice so that they add up to 7 or 11?

• A) 2/6
• B) 4/36
• C) 8/36
• D) 9/36

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Definitions:

Revenues

The total amount of income generated by the sale of goods or services related to a company's primary operations.

FIFO

First-In, First-Out, an inventory valuation method where goods purchased or produced first are sold, used, or disposed of first.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, ending with the net income or loss for the period.

Holding Gain

The increase in value of an asset held over a period, not realized until the asset is sold.