In Probability, Each Time You Repeat an Experiment Is Called

question 6

Multiple Choice

In probability, each time you repeat an experiment is called a

• A) trial.
• B) test run.
• C) measurement.
• D) guess.

---

Definitions:

Patent Protection

Legal rights granted to inventors to exclusively make, use, or sell their inventions for a certain period.

Aggregate Demand

The total demand for all goods and services in an economy at various price levels, during a specific time period.

Full Employment

An economic situation where all available labor resources are being used in the most efficient way possible, essentially meaning there is no involuntary unemployment.

Keynes

Refers to John Maynard Keynes, an influential British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.