Suppose a Pair of Dice Is Rolled 50 Times to Determine

question 48

Multiple Choice

Suppose a pair of dice is rolled 50 times to determine if "doubles" occur randomly.The following results were obtained (N = not a double, Y = double) : N N Y N Y Y N N N N N N Y N Y N N N N N N Y N N N N N N Y N Y N N Y N N N N N Y N N N N N N N N N N
How many runs are there in these data?

• A) 10
• B) 17
• C) 19
• D) 40

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Definitions:

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced by an economy in a specific period accounting for changes in price level.

Trade Deficits

A situation where a country's imports of goods and services exceed its exports, resulting in a net outflow of domestic currency to foreign markets.

Real GDP

Gross Domestic Product adjusted for inflation, which reflects the value of all goods and services produced by an economy in a given year in base-year prices.

Price Level

The average price point of the entirety of goods and services in the economic scope.