Find the Probability

question 178

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 No girls?

• A) 0.1563
• B) 0.3126
• C) 0.0313
• D) 0.0625

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Definitions:

Asset

An item of value owned by an individual or corporation, expected to provide future benefit or revenue.

Reserve Requirement

A regulation set by central banks requiring commercial banks to hold a certain amount of their deposits as reserves, either as cash in their vaults or as deposits with the central bank, to ensure liquidity.

Money Multiplier

The ratio of the increase in total money supply generated from an initial deposit in a banking system.

Compliance

The act of conforming to or following rules, regulations, standards, or laws.