Solve the Problem $\frac { 1 } { 2 }$ What Is the Probability of Having No More Than

question 343

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 no more than three boys?

• A) \(0.5000\)
• B) \(0.8125\)
• C) \(0.9688\)
• D) \(0.3125\)

---

Definitions:

Law of Supply

A principle in economics stating that as the price of a good or service increases, the quantity supplied also increases, assuming all other factors remain constant.

Interest Rate

The cost of borrowing money or the return on investment, expressed as a percentage of the principal.

Quantity Supplied of Loans

The total amount of loans lenders are willing to provide at a given interest rate during a specific time period.

Surplus

An excess of a product or resource that occurs when supply exceeds demand, often leading to lower prices.