A Pair of Fair Dice Is Cast

question 237

Multiple Choice

A pair of fair dice is cast. Let E denote the event that the number falling uppermost in the first die is 5 and let F denote the event that the sum of the numbers falling uppermost is 8. Compute . Are E and F dependent events?

• A) , yes
• B) , no
• C) , no
• D) , yes

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Definitions:

Marginal Cost

The increase or decrease in the total cost that arises from producing one additional unit of a product.

Annual Fixed Cost

Expenses that do not change in proportion to the activity of a business, within the period of a year.

Socially Efficient

An economic condition where resources are allocated in a way that maximizes total social welfare.

Marginal Cost

The change in total production cost that arises when the quantity produced is incremented by one unit.