Consider the Following Sample of Three Measurements {4,8,13}

question 24

Multiple Choice

Consider the following sample of three measurements {4,8,13}.What is the probability of observing the distinct resample {8,8,8}?

• A)1/3
• B)0
• C)1/27
• D)1
• E)1/8

---

Definitions:

Free-rider Problem

A situation where individuals or entities receive the benefit of a good or service without contributing to its cost, commonly associated with public goods.

Market Failure

A situation where the allocation of goods and services is not efficient, often leading to a net social welfare loss.

Goods

Physical items produced for sale or use, characterized by their tangibility and their capacity to satisfy human wants or needs.

Free-rider Problem

A situation in which some individuals consume more than their fair share of a public resource, or shoulder less than a fair share of the costs of its production, without contributing to its provision.