Solve the Problem $\frac { 1 } { 2 }$ What Is the Probability of Having at Least Three

question 309

Multiple Choice

Solve the problem.
-Suppose that a family has 5 children and that the probability of having a girl is $\frac { 1 } { 2 }$ . What is the probability of having at least three boys?

• A) \(0.4688\)
• B) \(0.1563\)
• C) \(0.5000\)
• D) \(0.3125\)

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Definitions:

Return Requirement

The expected rate of return that an investment needs to generate to be considered worthwhile.

Cash Flows

The overall totality of financial exchanges inside and outside a company, deeply affecting its ability to have cash on hand.

Under-Valued

A term used to describe a security that is trading below its perceived true market value.

Amortized Loan

A loan with scheduled periodic payments that consist of both principal and interest, typically paid monthly, until the loan is fully repaid at the end of its term.