The Probability of Getting a 1 in a Single Toss

question 11

Multiple Choice

The probability of getting a 1 in a single toss of a six sided die would be________.

• A) 2 to 1.
• B) 60 to 1.
• C) 1 in 6.
• D) impossible to estimate with the information given.

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Definitions:

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the owners' claim on the business assets.

Sales

The total amount of revenue generated from goods or services sold by a company.

Variable Cost Per Unit

The cost associated with producing one additional unit of product, which varies with the level of production.

Unit Selling Price

The amount of money charged for a single unit of a product or service.