A Friend of Yours Plans to Toss a Fair Coin

question 19

Multiple Choice

A friend of yours plans to toss a fair coin 200 times. You watch the first 20 tosses and are surprised that she got 15 heads. But then you get bored and leave. How many heads do you expect her to have when she has finished all 200 tosses?

• A) 110
• B) 115
• C) 150
• D) 105
• E) 100

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Definitions:

Consumption

The use of goods and services by households.

Northeasterly

In or relating to the direction that is between north and east; often used to describe wind or weather patterns.

Indifference Curves

Graphical representations in economics that show combinations of two goods among which a consumer is indifferent, meaning they have no preference for one combination over another.

Total Utility

The total satisfaction or benefit that a consumer receives from consuming a particular quantity of goods or services.