You have a 1 in 4 chance of winning a game. How would you calculate the probability that you will win 3 times in a row?
1 answer:
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Answer:
4.9%
Step-by-step explanation:
GDP is the growth domestic product of a country over a chosen time period
When the GDP growth rate is reported quarterly , you add together the four quarters for the year to find the annual GDP growth rate.
Given the four consecutive quarters as; 2% , 0.9%, 0.8% and 1.2%
Growth rate for the year will be;
4.9% is the annualized growth rate