A Perfectly Balanced Coin Is Tossed 6 Times, and Tails

question 43

Multiple Choice

A perfectly balanced coin is tossed 6 times, and tails appears on all six tosses. Then, on the seventh trial

• A) tail can not appear.
• B) head has a larger chance of appearing than tail.
• C) tail has a better chance of appearing than head.
• D) tail has same chance of appearing as the head.

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Definitions:

Incentive Obstacles

Challenges or barriers that prevent the effective use of incentives to motivate or encourage desired behaviors.

Market Power

The ability of a company or entity to influence the price and terms of products or services in a market, often due to its size, influence, or share of the market.

Two-Part Tariffs

A pricing strategy that includes a fixed fee plus a variable fee based on usage or consumption.

Volume Discounts

Price reductions given to customers who buy in large quantities, aimed at encouraging bulk purchases.