A Six-Sided Die Is Tossed 3 Times

question 92

Multiple Choice

A six-sided die is tossed 3 times. The probability of observing three ones in a row is

• A)1/3
• B)1/6
• C)1/27
• D)1/216

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Definitions:

Compounded Semi-annually

Refers to the process where the interest earned on an investment is calculated and added to the principal amount every six months.

GIC

A Guaranteed Investment Certificate, particular to the Canadian market, ensures investors a promised rate of return within a set duration.

Semi-annual Interest

Interest that is calculated and paid twice a year on an investment or loan.

Invested

The deployment of funds with the intention of acquiring income or profit.