When a Pair of Dice Are Rolled, the Outcome for Each

question 64

Multiple Choice

When a pair of dice are rolled, the outcome for each die can be said to be:

• A) mutually exclusive.
• B) mutually inclusive.
• C) dependent.
• D) independent.

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Definitions:

Market Price

The current exchange price for an asset or service in the marketplace.

Discount Rate

The interest rate used to determine the present value of future cash flows or to discount future obligations.

Maturity

The predetermined date on which a financial instrument, loan, or security reaches its final payment, at which point the principal amount must be repaid.

Zero-Coupon Bond

A debt security that doesn't pay periodic interest, sold at a discount from its face value, and repays the face value at maturity.