An event is described as having 'EVEN CHANCE'. Its probability is:
A0
B1/4
C1/2
D1
Answer & Solution
Correct answer: C. 1/2
'Even chance' means equally likely to happen and not happen — like flipping a fair coin. Probability = 1/2. The probability scale: impossible (0) → less likely (~1/6) → even chance (1/2) → more likely (~5/6) → certain (1).
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