Suppose Jack and Kate are at the town fair and are choosing which game to play. The first game has a bag with four marbles in it-1 red marble and 3 blue ones. The player draws one marble from the bag; if it is red, they win $20 and if it is blue, they win $1. The second game has a bag with 10 marbles in it-1 red, 4 blue, and 5 green. The player draws one marble from the bag; if it is red, they win $20; if it is blue, they win $5; and if it is green, they win $1. Both games cost $5 to play. What is the probability of drawing a blue marble in the first game?
A. 25 percent
B. 20 percent
C. 50 percent
D. 75 percent
D. 75 percent
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A subsidy is
A) the revenue received from the government to produce a good or service by a public authority. B) a voucher received by the government from producers of goods and services. C) a payment that the government makes to private producers of goods and services. D) a tax imposed on the producers of certain goods or services. E) a tax imposed on the consumers of certain goods or services.
In the options market, the right to buy an underlying asset rests with
A) call buyers. B) put buyers. C) call sellers. D) put sellers.
In the short run, a decrease in the general price level will cause business profits to rise and, hence, the total quantity of output to increase
a. True b. False Indicate whether the statement is true or false
The number of times per year, on average, that a dollar is used to purchase final goods and services is the
A. Money magnifier. B. Velocity of money. C. Business cycle. D. Multiplier.