Find the Probability

question 227

Multiple Choice

Find the probability. Round to the nearest ten-thousandth when necessary.
-A family has five children. The probability of having a girl is 1/2. What is the probability of having At least 3 boys?

• A) 0.5
• B) 0.4688
• C) 0.3125
• D) 0.1563

Understand the nuances of common law and statutory changes in the law of negotiable instruments.

Understand the definition and components of culture.

Comprehend how culture is learned, shared, and transmitted through generations.

Identify the key elements that distinguish cultures from one another.

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Definitions:

M1

M1 encompasses the most liquid forms of money supply, including cash and assets that can quickly be converted to cash.

M2

M2 is a broader classification of money supply that accounts for currency in circulation and various other types of accounts that are less liquid than those in M1.

M1

Refers to the physical money supply that includes coins and notes in circulation as well as non-bank public holdings of checkable deposits.

M2

Includes all elements of M1 along with near money, such as savings deposits, time deposits under $100,000, and non-institutional money market funds.