Here are some scenarios: • According to market research, a business has a 75% chance of making money in the first 3
years.
• According to lab testing, of a certain kind of experimental light bulb will work after 3 years.
• According to experts, the likelihood of a car needing major repairs in the first 3 years is 0.7.
1. 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.
2. Name another chance experiment that has the same likelihood as one of the scenarios.