Compute and Interpret Probabilities Using the Classical Method
-This Problem $b$

question 141

Multiple Choice

Compute and Interpret Probabilities Using the Classical Method
-This problem deals with eye color, an inherited trait. For purposes of this problem, assume that only two eye colors are possible, brown and blue. We use $b$ to represent a blue eye gene and B a brown eye gene. If any B genes are present, the person will have brown eyes. The table shows the four possibilities for the children of two Bb (brown-eyed) parents, where each parent has one of each eye color gene.


Find the probability that these parents give birth to a child who has blue eyes.

• A) \(\frac { 1 } { 4 }\)
• B) \(\frac { 1 } { 2 }\)
• C) 1
• D) 0

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Definitions:

Value Foregone

The potential value lost when choosing one investment or action over another, often considered an opportunity cost.

Required Rate of Return

The minimum return an investor expects to achieve on an investment, considering the risk involved.

NPV

Net Present Value (NPV) is a financial metric used to evaluate the profitability of an investment or project, calculated as the difference between the present value of cash inflows and outflows over a period of time.

Cash Flows

The total amount of money being transferred into and out of a business, particularly in terms of income and expenses.