You Have It on Good Account That the Probability of Good

question 66

Multiple Choice

You have it on good account that the probability of good returns on energy investments is equal to that of poor returns.If we define good returns as 100% while that of poor returns is 50%,then what is the probability of getting an exact return of 75% in the next year?

• A) 50%
• B) 25%
• C) 0%
• D) there is not enough information to solve the problem.

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Definitions:

Henry Luce

An influential American magazine magnate who cofounded Time, Life, Fortune, and Sports Illustrated magazines, significantly shaping 20th-century media.

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The idea that the United States has a unique character and role in the world, often associated with the country's history, political values, and institutions.

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The demonstrated skill, capability, and effectiveness of a country's military in defense and warfare situations.

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A period of increasing business activity signaling the end of a recession or economic downturn, typically characterized by a rise in GDP, employment, and consumer spending.