An experiment consists of four outcomes with P(E1) = 0.2, P(E2) = 0.3, and P(E3) = 0.4. The probability of outcome E4 is Group of answer choices 0.900. 0.500. 0.024. 0.100.
An experiment consists of four outcomes with P(E1) = 0.2, P(E2) = 0.3, and P(E3) = 0.4. The probability of outcome E4 is Group of answer choices 0.900. 0.500. 0.024. 0.100.
Chapter19: Externalities And Public Goods
Section: Chapter Questions
Problem 19.12P
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Question
An experiment consists of four outcomes with P(E1) = 0.2, P(E2) = 0.3, and P(E3) = 0.4. The probability of outcome E4 is
Group of answer choices
0.900.
0.500.
0.024.
0.100.
Expert Solution
Step 1
Given information:
An experiment consists of four outcomes, i.e. E1, E2, E3, and E4.
P(E1) = 0.2, P(E2) = 0.3, and P(E3) = 0.4
It implies the probability of outcome E1 is 0.2, the probability of outcome E2 is 0.3, and the probability of outcome E3 is 0.4
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