Here are some scenarios.
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. 1 being greatest likelihood, 3 being least likelihood.
According to experts, the likelihood of a car needing major repairs in the first 3 years is 0.7. According to market research, a business has a 75% chance of making money in the first 3 years.
According to market research, a business has a 75% chance of making money in the first 3 years.
of a certain kind of experimental light bulb will work after 3 years.
Name another chance experiment that has the same likelihood as one of the scenarios. (i.e., flipping a coin, spinning a spinner, rolling a dice, drawing from a bag...)