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:

Systematic Risk

The inherent risk that affects the entire market or market segment, often referred to as market risk or un-diversifiable risk.

Market Risk

The risk of losses in investments due to factors that affect the overall performance of financial markets.

High Water Mark

A clause in fund management contracts that prevents fund managers from receiving large bonuses for poor performance, ensuring they only earn a performance fee when the fund's value exceeds its previous highest value.

Incentive Fees

Fees paid to a fund manager based on performance, often as a percentage of the investment gains beyond a specified benchmark.