Flip a Coin Twice $\{ \mathrm { HH } , \mathrm { TT } , \mathrm { HT } , \mathrm { HT } \} \quad$

question 32

Multiple Choice

Flip a coin twice. Create the sample space of possible outcomes.

• A) \(\{ \mathrm { HH } , \mathrm { TT } , \mathrm { HT } , \mathrm { HT } \} \quad\)
• B) \(\{ \mathrm { HH } , \mathrm { HT } , \mathrm { TH } , \mathrm { TT } \}\)
• C) \(\{ \mathrm { HH } , \mathrm { HT } , \mathrm { TT } \}\)
• D) \(\{ \mathrm { HT } , \mathrm { TH } \}\)

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Definitions:

Business Conditions

The state of the economic environment affecting the operations and profitability of companies.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values.

Risk Aversion

The premise that most people prefer lower risk investments when expected returns are about equal.

NPV

Net Present Value; a method used in capital budgeting to evaluate the profitability of an investment or project.