If a Dime Is Tossed Four Times and Comes Up

question 55

Multiple Choice

If a dime is tossed four times and comes up tails all four times, the probability of heads on the fifth trial is

• A)smaller than the probability of tails
• B)larger than the probability of tails
• C)1/2
• D)1/32

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Definitions:

Secured Loan

A type of loan that is backed by collateral, making it less risky for the lender since the collateral can be seized if the loan is not repaid.

Maturity Date

Due date of the promissory note.

Dividends

Payments made by a corporation to its shareholders, often as a distribution of profits.

Taxable

Refers to income, goods, or services subject to tax according to the laws of the taxing jurisdiction.