The probability that an event will occur is 1/4. Which of the following best describes the likelihood of the event occurring?
2 answers:
Hey!
Let's see here. If an event occurs only
of the time out of 
of the time, then it will probably never happen again. If your not good with fractions, the best way to solve this problem would be to use or create a pie chart that represents the situation.
Below the answer, I have provided a pie chart for you take a look at. Notice how the graph is shaded in two different colors. The part of the graph that is shaded orange represents the probability of the event occurring again. And the area shaded in green represents the rest of the whole.
The orange portion of the pie chart is much less than that which is green.
<em>This shows us that the likelihood of that event occurring again is in fact </em> unlikely.
Hope this helps!
- Lindsey Frazier ♥
Let's see here. If an event occurs only
Below the answer, I have provided a pie chart for you take a look at. Notice how the graph is shaded in two different colors. The part of the graph that is shaded orange represents the
The orange portion of the pie chart is much less than that which is green.
<em>This shows us that the likelihood of that event occurring again is in fact </em> unlikely.
Hope this helps!
- Lindsey Frazier ♥
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(basically like a 3D hexagon)
~Hope this helped
*hope images helped*
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Two of the images are rectangles; in which is an answer you can also put.
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~Hope this helped
*hope images helped*
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Two of the images are rectangles; in which is an answer you can also put.
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Given the table below comparing the marginal benefit Lucinda gets from
Kewpie dolls and Beanie Babies.
![\begin{tabular} {|p {2cm}|p {2cm}|p {2cm}|p {2cm}|} \multicolumn {4} {|c|} {Lucinda's Kewpie Doll and Beanie Baby Marginal Benefits}\\[1ex] \multicolumn {2} {|c|} {Kewpie Dolls}&\multicolumn {2} {|c|} {Beanie Babies}\\[1ex] 1&\$15.00&1&\$12.00\\ 2&\$12.00&2&\$10.00\\ 3&\$9.00&3&\$8.00\\ 4&\$6.00&4&\$6.00\\ 5&\$3.00&5&\$4.00\\ 6&\$0.00&6&\$2.00\\ \end{tabular}](https://tex.z-dn.net/?f=%5Cbegin%7Btabular%7D%0A%7B%7Cp%20%7B2cm%7D%7Cp%20%7B2cm%7D%7Cp%20%7B2cm%7D%7Cp%20%7B2cm%7D%7C%7D%0A%5Cmulticolumn%20%7B4%7D%20%7B%7Cc%7C%7D%20%7BLucinda%27s%20Kewpie%20Doll%20and%20Beanie%20Baby%20Marginal%20Benefits%7D%5C%5C%5B1ex%5D%0A%5Cmulticolumn%20%7B2%7D%20%7B%7Cc%7C%7D%20%7BKewpie%20Dolls%7D%26%5Cmulticolumn%20%7B2%7D%20%7B%7Cc%7C%7D%20%7BBeanie%20Babies%7D%5C%5C%5B1ex%5D%0A1%26%5C%2415.00%261%26%5C%2412.00%5C%5C%0A2%26%5C%2412.00%262%26%5C%2410.00%5C%5C%0A3%26%5C%249.00%263%26%5C%248.00%5C%5C%0A4%26%5C%246.00%264%26%5C%246.00%5C%5C%0A5%26%5C%243.00%265%26%5C%244.00%5C%5C%0A6%26%5C%240.00%266%26%5C%242.00%5C%5C%0A%5Cend%7Btabular%7D)
<span>If lucinda has only $18 to spend and the price of kewpie dolls and the price of beanie babies are both $6,
Lucinda will buy the combination for which marginal benefit is the same.
Therefore, Lucinda will buy </span><span>2 kewpie dolls and 1 beanie baby,</span><span> if she were rational.</span>
<span>If lucinda has only $18 to spend and the price of kewpie dolls and the price of beanie babies are both $6,
Lucinda will buy the combination for which marginal benefit is the same.
Therefore, Lucinda will buy </span><span>2 kewpie dolls and 1 beanie baby,</span><span> if she were rational.</span>