Fifty-Five Percent of the Students at Thomas Jefferson High School

question 30

Essay

Fifty-five percent of the students at Thomas Jefferson High School use "lunch cards" to charge their lunch, rather than bringing money to school. Assuming that the method of payment (cash or lunch card) for one student is independent of the method of payment for the next student in line, what is the probability of observing the following sequence for the first five students through the lunch line? Cash, Card, Cash, Card, Cash

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Definitions:

Prepaid Insurance

An asset account that represents insurance premiums paid in advance, which have not yet expired at the time of the balance sheet.

Wages

The monetary compensation paid by employers to employees in exchange for their labor, typically calculated on an hourly, daily, or piecework basis.

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