A Fair Die Is Rolled Four Times

question 50

Multiple Choice

A fair die is rolled four times. What is the probability that it comes up 1 at least once?

• A) 0.1667
• B) 0.4213
• C) 0.5177
• D) 0.8333

Estimate the economic impact of changing payment frequencies on investments and loans.

Analyze the terms of a loan agreement to understand the implications of different interest rates and payment schedules.

Understand the calculation and application of present value in different financial contexts.

Calculate future values for various savings and investment plans.

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Definitions:

Custodial Parent

The parent who has been granted primary legal custody of a child by a court, bearing the majority of responsibility for the child's upbringing and welfare.

Noncustodial Parent

A parent who does not have legal custody of their child and typically has visitation rights, often responsible for providing financial support.

Remarried Couples

Partners who have been married previously to other people and have since married each other.

Decision Making

The process of making choices or forming conclusions, particularly by identifying, assessing, and selecting among several alternatives.