A Sample Space Consists of Three Outcomes, X, Y, and Z

question 75

Multiple Choice

A sample space consists of three outcomes, X, Y, and Z. Which of the following could be a legitimate assignment of probabilities to the outcomes?

• A) \(P ( X ) = 0.3 \quad P ( Y ) = 0.6 \quad P ( Z ) = 0.9\)
• B) \(P ( X ) = 0.3 \quad P ( Y ) = 0.2 \quad P ( Z ) = 0.5\)
• C) \(P ( X ) = 0.3 \quad P ( Y ) = 0.3 \quad P ( Z ) = 0.3\)
• D) \(P ( X ) = 0.7 \quad P ( Y ) = - 0.3 \quad P ( Z ) = 0.6\)

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Definitions:

Remedy

The means by which a right is enforced or the violation of a right is prevented, redressed, or compensated.

Items of Value

Physical or intangible objects, rights, or services that hold financial worth, utility, or personal significance to someone.

Money Damages

A monetary reward granted by a judicial body to an individual who has endured damage or injury as a result of someone else's illegal behavior or carelessness.

Remedy at Law

Legal means through which a party can enforce a right or redress a wrong, typically involving monetary compensation or specific performance.