Assume That Male and Female Births Are Equally Likely and That

question 65

Multiple Choice

Assume that male and female births are equally likely and that the birth of any child does not affect theprobability of the gender of any other children. Find the probability of exactly nine girls in ten births.

• A) 0.010
• B) 0.9
• C) 0.020
• D) 0.09

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Definitions:

Average Rate

The mean amount at which something can be bought or sold, calculated over a specified period or under certain conditions.

Functional Currency

The primary currency used by a business or unit in its financial statements, reflecting the main economic environment in which it operates.

Exchange Gains

Profits resulting from holding or transacting in foreign currencies when exchange rates move favorably.

Losses Reported

Refers to the financial losses that a company discloses in its income statement over a specific period.