Use a Random-Number Table to Simulate the Outcomes of Tossing

question 2

Multiple Choice

Use a random-number table to simulate the outcomes of tossing a quarter 20 times beginning at row 5, block 3. Assume that the quarter is balanced (i.e., fair) and an even digit is assigned to the outcome heads (H) and an odd digit to the outcome tails (T) . $$\begin{array} { l l l l l l } 65321 & 85623 & 10204 & 50218 & 20321 & 22315 \\98532 & 91972 & 39800 & 45670 & 20510 & 10451 \\92012 & 59826 & 35456 & 79289 & 91483 & 29754 \\45652 & 98653 & 45863 & 36963 & 15326 & 78952 \\45678 & 10100 & 91251 & 37041 & 13712 & 14672\end{array}$$

• A)T T H T T T T H H T T T T H H T H H T H
• B)T T H T T T T H T T T T T T H T H H T H
• C)T T H T T T T H H T T T T T H T H T H H
• D)T T H T T T T H H T T T T T H T H T T H
• E)T T H T T T T H H T T T T T H T H H T H

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Definitions:

Modified Internal Rate

An adjusted version of the internal rate of return (IRR) calculation that takes into account changes in the cost of capital or cash flow pattern.

Reinvestment Problem

The challenge of effectively reinvesting earnings or capital gains to achieve additional growth or income.

Multiple Solutions

Situations where more than one answer or approach can satisfy the conditions of a problem.

MIRR

Modified Internal Rate of Return, a financial measure used to evaluate the attractiveness of investments, taking into account the cost of capital and the reinvestment rate.