Consider the Experiment of Tossing a Fair Coin Three Times

question 24

Multiple Choice

Consider the experiment of tossing a fair coin three times and observing the number of heads that result (X = number of heads) . What is the standard deviation for this distribution?

• A) 1.5
• B) 1.22
• C) .75
• D) .87

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Definitions:

Discontinued Inventory

Discontinued inventory includes products that are no longer being produced or sold by a company, often due to obsolescence or strategy shifts.

Gross Profit Margin

A profitability metric that shows the percentage of revenue that exceeds the cost of goods sold, indicating the efficiency in producing goods.

Operating Expenses

Ongoing costs for running a business that are not directly associated with creating the product or service.