If a Coin Is Flipped Three Times, What Is the Probability

question 74

Multiple Choice

If a coin is flipped three times, what is the probability that all three flips will be heads or that all three flips will be tails?

• A)3/8
• B)3/16
• C)1/16
• D)1/4
• E)1/8

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Definitions:

Full-Fare Ticket

A type of airline or travel ticket that has no restrictions and is often refundable, representing the highest fare category.

Expected Value

The long-run average value of repetitions of the experiment it represents, essentially a mean of a random variable in probability and statistics.

Probability

The quantification of the probability of an event happening, expressed as a numeric value ranging from 0 to 1.

Hurdle Rate

The minimum rate of return on an investment required by a manager or investor to proceed with the project.