When Rolling a Pair of Dice, the Probability of Getting

question 8

Short Answer

When rolling a pair of dice, the probability of getting a particular total is not very high. For example, the probability of failing to roll a total of 3 is 17 times the probability of successfully rolling a total of 3. The total probability (probability of failing to roll a 3 + probability of successfully rolling a 3) is 1. What is the probability of rolling a 3?

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Definitions:

Revised Estimated

Revised estimated refers to the updated projection or calculation of a particular metric, budget, schedule, or plan based on new information or changes in circumstance.

Salvage Value

The calculated end-life value of an asset after its utility period is over.

Double-Declining-Balance Method

An accelerated method of depreciation that doubles the regular depreciation rate, reducing the asset’s book value more quickly in the early years of its life.

Depreciation Expense

Assigning the cost of a material asset over the duration of its usefulness.