Suppose That a Family Has 5 Children and That the Probability

question 252

Multiple Choice

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) 0.8125
• B) 0.9688
• C) 0.5000
• D) 0.3125

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Definitions:

Times Interest

A financial ratio that measures a company's ability to meet its interest obligations.

Acid-test Ratio

A financial ratio indicating a firm's capacity to settle its short-term obligations without selling its stock.

Current Ratio

A financial metric assessing a firm's capability to cover its short-term debts using its short-term assets, determined by dividing current assets by current liabilities.

Working Capital

The difference between a company's current assets and current liabilities, indicating short-term financial health.