Use the at Least Once Rule to Find the Indicated

question 104

Multiple Choice

Use the at least once rule to find the indicated probability.
-Find the probability of getting at least one tail when tossing 6 fair coins.

• A)0.016
• B)0.984
• C)0.5
• D)0.094

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Definitions:

Herfindahl Index

A measure of market concentration that squares and then sums the market share percentages of all firms within the industry.

Market Shares

The proportion of a market controlled by a particular company, product, or service in relation to total sales in the market.

Herfindahl Index

A measure of market concentration that sums the squares of the market shares of all firms in the industry.

Market Shares

The portion of a market controlled by a particular company or product, often expressed as a percentage.