What Probability Value Would Be Needed to Complete the Following

question 60

Multiple Choice

What probability value would be needed to complete the following probability distribution?

• A)0.15
• B)0.25
• C)0.10
• D)There is no value that would make this a probability distribution

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Definitions:

Capital

Wealth in the form of money or other assets owned or employed in business by an individual, firm, or country.

Wages and Income

Represents the earnings received by laborers for their work and can include salaries, wages, and other forms of compensation.

Circular-Flow Diagram

A visual model that shows how goods, services, and money move through the economy in a continuous, circular flow between households and firms.

Money

A medium of exchange used to facilitate transactions for goods and services.