Three Dice Are Tossed

question 17

Multiple Choice

Three dice are tossed. The sum of the numbers rolled is recorded. How many outcomes are in the sample space?

• A) 18
• B) 12
• C) 16
• D) 72

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Definitions:

Erosion

The gradual reduction or depletion of an asset's value, often due to competitive market forces or the introduction of new products.

Product Line

A product line is a group of related products under a single brand offered by a company to fulfill different consumer needs.

Sales Estimate

A projected figure indicating the amount of sales a company expects to achieve in a certain period.

Net Present Value

A method used to evaluate the profitability of an investment, calculating the difference between the present value of cash inflows and outflows.