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:

Market Rate

Market rate, or market interest rate, refers to the prevailing rate of interest that borrowers and lenders can expect to transact at, in the wider market.

Effective-interest Amortization

A method of calculating the amortized cost of a bond or loan by applying the effective interest rate to the outstanding balance.

Interest Payment

The payment made to a lender by a borrower in return for the use of borrowed money, typically represent a fixed percentage of the principal.

Book Value

The net value of a company's assets, calculated as total assets minus intangible assets (patents, goodwill) and liabilities.