Suppose 1,000 Experts Flip a Coin Once Each Year and Half

question 63

Multiple Choice

Suppose 1,000 experts flip a coin once each year and half say the market will go up while the other half say the market will go down. After 6 years how many experts would have been correct every year?

• A) 15
• B) 62
• C) 8
• D) 31

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Definitions:

Determinant

An element or factor that decisively affects the nature or outcome of something, often used in the context of identifying causal factors in various fields of study.

Trust and Cooperation

The relationship between individuals or groups characterized by mutual confidence and teamwork towards common goals.

Group Decision

A decision made collectively by two or more individuals in a group setting, usually involving discussion, negotiation, or consensus.

Solution Generation

The process of identifying and creating possible answers or methods to solve a problem or address a specific need.