A Coin Is to Be Tossed 1000 Times

question 13

Multiple Choice

A coin is to be tossed 1000 times. What is the probability that the 785th toss is heads?

• A)0
• B)1/4
• C)1/2
• D)3/4
• E)1

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Definitions:

Liabilities

Financial obligations or debts owed by a company to creditors or suppliers, which must be settled over time.

Posting

the process of transferring journal entries to respective accounts in the ledger.

Ledger

A book or electronic record used to record all of a company's financial transactions in chronological order.

T-account

A graphical representation used in accounting to illustrate the effects of transactions on account balances, with debits on the left and credits on the right.