Determine the Probability That a 3 Will Appear Twice, If

question 89

Multiple Choice

Determine the probability that a 3 will appear twice, if a single fair die is rolled 10 times.

• A) .7752
• B) .2907
• C) .1550
• D) .4845

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Definitions:

Risk Aversion

The behavior exhibited by investors who prefer lower risk investments, often at the expense of sacrificing some potential returns.

Expected Return

The anticipated average return on an investment, factoring in the probabilities of each potential outcome.

Expected Rate of Return

The anticipated average rate of return on an investment over a specified period.

Variance

The statistical measure of the dispersion of a set of data points, often used to quantify risk or volatility in financial contexts.