Solve the Problem $\frac { 1 } { 6 }$ B) $\frac { 1 } { 8 }$

question 102

Multiple Choice

Solve the problem.
-A couple plans to have four children. Using a tree diagram , obtain the sample space. Then, find The probability that the family has three boys first and then one girl.

• A) \(\frac { 1 } { 6 }\)
• B) \(\frac { 1 } { 8 }\)
• C) \(\frac { 3 } { 16 }\)
• D) \(\frac { 1 } { 16 }\)

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Definitions:

Sequential Game

A strategic interaction (game) between two or more parties (players) in which each party moves (makes a decision) in a predetermined order (sequence).

Second Mover

A strategy where a firm enters a market or releases a product after competitors have already established themselves, potentially benefiting from the first mover's market insights and errors.

Homogeneous Oligopoly

A market structure where a few firms offer products or services that are similar and thus, highly substitutable.

Identical Cost

A scenario in which all firms in a market face the same costs of production, leading to uniform pricing strategies.