In the First Series of Rolls of a Die, the Number

question 48

Multiple Choice

In the first series of rolls of a die, the number of odd numbers exceeded the number of even numbers by 5. In the second series of rolls of the same die, the number of odd numbers exceeded the number of even numbers by 11. Determine which series is closer to the 50/50 ratio of odd/even expected of a fairly rolled die.

• A) The second series is closer because the difference between odd and even numbers is greater than the difference for the first series.
• B) The first series is closer because the difference between odd and even numbers is less than the difference for the second series.
• C) Since \(1 / 2 > 1 / 5 > 1 / 11\) , the first series is closer.
• D) The series closer to the theoretical 50/50 cannot be determined unless the total number of rolls for both series is given.

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Definitions:

Financing Costs

Expenses incurred by a company in the process of raising funds, including interest payments, issuance costs of securities, and other related expenses.

Incremental Cash Flows

The additional cash flows from undertaking a project or investment.

NWC

Net Working Capital, which is calculated as current assets minus current liabilities, indicating the company's short-term financial health.

Sunk Cost

A cost that has already been incurred and cannot be recovered, which should not influence future decisions.