Answered: Each individual outcome of an…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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(PLEASE HELP WITH 1, 2, AND 3. )

1. Each individual outcome of an experiment is called

Group of answer choices

the sample space

an experiment

an individual

a sample point

2. Any process that generates well-defined outcomes is

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an experiment

an event

a sample point

a sample space

3. The counting rule that is used for counting the number of experimental outcomes when n objects are selected from a set of N objects where order of selection is not important is called

Group of answer choices

combination

multiple step experiment

permutation

None of these alternatives is correct.

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