Ten Little Monkeys Were Jumping on a Bed

question 24

Essay

Ten little monkeys were jumping on a bed. There is a 35% chance that one will fall off and bump his head. In the bedroom next door, five kangaroos were jumping on a bed. Being more adept at jumping, there is only a 20% that a kangaroo will fall off the bed.
-If the monkeys enjoy this activity every night for an entire week, what are the chances that a monkey falls off the bed every one of the seven nights?

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Definitions:

Interest Rates

The amount charged by a lender to a borrower for the use of assets, usually expressed as a percentage of the principal.

Investment Expenditures

The outlays made by firms, government, or individuals to purchase goods and services that can create future benefits.

Durable Expenditures

Expenses on goods that have a useful life of more than three years, such as appliances, machinery, and equipment.

Money Supply

The total amount of monetary assets available in an economy at a specific time.