You Could Win a $1000 Prize by Tossing a Coin

question 34

Multiple Choice

You could win a $1000 prize by tossing a coin in one of two games. To win Game A, you must get exactly 50% heads. To win Game B, you must get between 45% and 55% heads. Although which game you must play will be chosen randomly, then you may decide whether to toss the coin 20 times or 50 times. How many tosses would you choose to make?

• A) 50 tosses for either.
• B) 50 tosses for A, 20 tosses for B.
• C) 20 tosses for either game.
• D) It does not matter.
• E) 20 tosses for A, 50 tosses for B.

Assess changes in net working capital and its impact on project cash flows.

Understand the principle of Capital Cost Allowance (CCA) and its application in depreciation.

Explain the concept of salvage value and its determination at the end of a project’s life.

Evaluate projects using incremental cash flow analysis.

---

Definitions:

National Security Adviser

A senior official in the executive government, serving as the chief in-house advisor to the President on national security issues.

Military-Industrial Complex

The relationship between a country's military and the defense industry that supplies it, seen as a vested interest which influences public policy.

High-Tech Weaponry

Advanced or sophisticated military technology and armaments, often incorporating electronic, digital, or new material innovations.

Vietnam Syndrome

A term used to describe the reluctance of the United States to engage in future military interventions abroad due to the psychological trauma of the Vietnam War.