Suppose You Randomly Select a Family with Three Children

question 33

Multiple Choice

Suppose you randomly select a family with three children. Assume that births of boys and girls are equally likely. What is the probability that the family has at least one boy?

• A)0.857
• B)0.75
• C)0.125
• D)0.875

---

Definitions:

Long-Term

Referring to assets, liabilities, or investments that are expected to be held or mature in more than one year.

Interest-Bearing Note

A promissory note that comes with the agreement to pay the holder a fixed amount of interest over a specified period until the principal amount is repaid.

Debenture Bonds

Unsecured bonds that rely on the creditworthiness and reputation of the issuer rather than collateral.