Ten Little Monkeys Were Jumping on a Bed

question 69

Essay

Ten little monkeys were jumping on a bed. There is a 35% chance that one will fall off and bump his head. In the bedroom next door, five kangaroos were jumping on a bed. Being more adept at jumping, there is only a 20% that a kangaroo will fall off the bed.
-What are the chances that the kangaroos can get away with jumping on the bed for 4 straight nights until they finally have someone fall off the bed on the 5th night?

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Definitions:

Net Income

The profit of a company after all expenses and taxes have been subtracted from total revenue, indicating the company's actual profitability.

Interest Expense

The cost incurred by an entity for borrowed funds; it is the price paid for the use of borrowed money.

Carrying Value

The amount at which an asset is recognized in the balance sheet, subtracting any accumulated depreciation or amortization.

Maturity

The date on which a financial instrument or obligation becomes due and is to be paid or settled.