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A Test Has 6 Multiple Choice Questions,each with 4 Alternatives

question 6

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A test has 6 multiple choice questions,each with 4 alternatives.What is the probability of guessing 5 or more questions correctly?


Definitions:

Antitrust Laws

Legislation intended to promote free competition in the market by regulating anticompetitive practices and breaking up monopolies.

Behavioralist Approach

A method in economics that uses psychological insights into human behavior to explain economic decision-making.

Legal Cartel Theory

A concept in economic theory suggesting that certain legal frameworks or conditions can enable firms to engage in cartel-like behavior without explicit agreements.

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