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Suppose You Have an Extremely Unfair Coin: the Probability of a Head

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Short Answer

Suppose you have an extremely unfair coin: The probability of a head is 1/5, and the probability of a tail is 4/5 . If you toss the coin 40 times, how many heads do you expect to see?


Definitions:

Fair Value Accounting

An accounting approach where companies measure and report the value of certain assets and liabilities on the basis of their actual or estimated fair market price.

Net Working Capital

The distinction between the immediate resources and obligations of a company, highlighting its financial condition for the short run.

Short-term Obligations

Debts or liabilities that are due to be paid within a short period of time, typically within a year.

Operating Cash Flow

The cash generated from a company's normal business operations, indicating whether a company is able to maintain or grow its operations.

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