If a Single Fair Die Is Rolled,find the Probability of a 5

question 33

Multiple Choice

If a single fair die is rolled,find the probability of a 5 given that the number rolled is odd.

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Definitions:

Supply Curve

A visual diagram that illustrates the connection between a product's price and the amount of the product that sellers are ready and able to offer.

Pure Monopolist

A market structure in which a single firm has complete control over the entire market for a product or service, with no close substitutes.

Marginal Cost

The overhead added by producing an extra unit of a product or service.

Profit-Maximizing

A strategy or approach taken by businesses to adjust their price and output levels to achieve the highest possible profit.