A Coin Is Tossed 20 Times

question 102

Multiple Choice

A coin is tossed 20 times. A person, who claims to have extrasensory perception, is asked to predict the outcome of each flip in advance. She predicts correctly on 14 tosses. What is the probability of being correct 14 or more times by guessing? Does this probability seem to verify her claim?

• A).4418 , yes
• B).0582 , no
• C).0582 , yes
• D).4418 , no

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Definitions:

Operations

Refers to the day-to-day activities involved in running a business or manufacturing process, including production, purchasing, human resources, and logistics.

Statement of Cash Flows

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, breaking the analysis down to operating, investing, and financing activities.

Retained Earnings Statement

A financial statement that shows the amounts and causes of changes in retained earnings for a specific period.

Income Statement

A financial report that shows a company's revenues, expenses, and profits or losses over a specific period, detailing its financial performance.