FIGURE 1 Refer to Figure 1 $\frac { 1 } { 3 }$

question 5

Multiple Choice

FIGURE 1. Refer to Figure 1. Suppose that you toss a coin and roll a die. The sample space is shown in the figure. What is the probability of obtaining tails?

• A) P (Tails) = \(\frac { 1 } { 3 }\)
• B) P (Tails) = \(\frac { 1 } { 4 }\)
• C) P (Tails) = \(\frac{1}{5}\)
• D) P (Tails) = \(\frac { 1 } { 6 }\)
• E) P (Tails) = \(\frac { 1 } { 2 }\)

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Definitions:

Charities

Organizations dedicated to furthering a particular social cause or advocating for a shared point of interest, typically operating on a non-profit basis.

Negative Externalities

Unintended and uncompensated costs imposed by one party’s actions on others not involved in the action, often leading to market failure.

Market Failure

A scenario in which the distribution of goods and services through an unregulated market leads to inefficiency, frequently resulting in a decrease in overall societal well-being.

Government Policies

Strategies and actions taken by a government to govern, direct, or regulate a community, country, or economy.