Assume That Male and Female Births Are Equally Likely and That

question 65

Multiple Choice

Assume that male and female births are equally likely and that the birth of any child does not affect theprobability of the gender of any other children. Find the probability of exactly nine girls in ten births.

• A) 0.010
• B) 0.9
• C) 0.020
• D) 0.09

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Definitions:

Real GDP

Gross domestic product adjusted for changes in the price level, providing a more accurate picture of an economy's size and growth.

Consumption

the process by which goods and services are used up by individuals or groups, typically considered the end-use in economic production cycles.

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The act of allocating resources, usually money, with the expectation of generating an income or profit.

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Experts who predict future economic conditions based on various indicators and models to guide investors, businesses, and policy making.