Suppose That I Flip a Coin Four Times and It

question 32

Multiple Choice

Suppose that I flip a coin four times and it lands on heads all four times.How does this affect the probability that the next flip will also be heads?

• A)It increases the probability by a factor of 4.
• B)It increases the probability by a factor of 16.
• C)It does not affect the probability at all.
• D)It decreases the probability by a factor of 4.
• E)It decreases the probability by a factor of 16.

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Definitions:

Cheap Labor

Workforce available for employment at very low wages, often exploited by employers to minimize production costs.

Global Inequality

Refers to differences in the economic ranking of countries.

Industrialization

The process of economic and social transformation that converts agrarian societies into industrial ones.

Increasing

A process or trend characterized by a gradual rise or growth in quantity, size, intensity, or degree.