The Following Are Six Random Outcomes for a Sample Space

question 34

Multiple Choice

The following are six random outcomes for a sample space: -1,-3,-3,-2,-5,and -6.What is the probability of selecting a -3 in this example?

• A) 1/6
• B) 2/6
• C) -2/6
• D) -3/6

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Definitions:

Hadley v. Baxendale

A landmark English court decision from 1854 that established the principle for determining damages in breach-of-contract cases, emphasizing foreseeability of damages.

Restitution

A legal principle requiring a party who has unlawfully benefited at the expense of another to compensate the aggrieved party.

Lost Profits

Represent potential earnings that were not realized due to a breach of contract or other wrongful act.

Out-of-Pocket Rule

A legal principle used to calculate damages based on the actual direct losses and costs incurred by a plaintiff.