Solve the Problem $\frac { 1 } { 2 }$ That a Child Born Is a Boy

question 119

Multiple Choice

Solve the problem.
-Assume that the probability is $\frac { 1 } { 2 }$ that a child born is a boy. What is the probability that a family with three children has just one boy?

• A) \(\frac { 3 } { 8 }\)
• B) \(\frac { 1 } { 2 }\)
• C) \(\frac { 1 } { 8 }\)
• D) \(\frac { 1 } { 3 }\)

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Definitions:

Depository Institutions Deregulation

This involves removing or loosening government restrictions on banks and other financial institutions to allow for greater efficiency and competition.

Monetary Control Act

A United States federal law enacted in 1980 aimed at improving the Federal Reserve's control over the monetary supply and interest rates.

Thrift Institutions

Financial organizations focused on savings and mortgage lending, including savings and loan associations, credit unions, and savings banks.

Commercial Banks

Financial institutions that offer a wide range of services including deposit accounts, loans, and other financial products to businesses and consumers.