Question

1. According to market research, a business has a 75% chance of making money in the first 3 years

2. According to lab testing of 5 eighths of a certain kind of experimental light bulb will work after 3 years

3. According to experts, the likelihood of a car needing repairs in the first 3 years is 0.7

write the scenarios in order of likelihood from least to greatest after three years: the business makes money. the light bulb still works, and the car needs major repairs

Answer 1

name another chance experiment that has the same likelihood as one of the scenarios

Answer 2

1. The light bulb still works after 3 years (75% likelihood)
2. The business makes money in the first 3 years (75% likelihood)
3. The car needs major repairs in the first 3 years (70% likelihood)

Answer 3

Another chance experiment with a 75% likelihood could be the probability of flipping a fair coin and getting a head.