A Fair Coin Is Tossed in the Air Ten Times

question 4

Multiple Choice

A fair coin is tossed in the air ten times. What is the probability that it will land heads exactly nine times? Give your answer as a fraction in reduced form.

• A) 1023/1024
• B) 9/10
• C) 5/512
• D) 3/5
• E) None of the above.

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Definitions:

Fair Market Value

The price that a property would sell for on the open market between a willing buyer and a willing seller, with neither being required to act, and both having reasonable knowledge of the relevant facts.

Indemnity Contracts

Agreements that provide protection or security against potential loss or damage, often requiring one party to compensate the other for any loss or damage incurred.

Property Insurance Policies

Contracts that provide financial reimbursement to the owner or renter of a structure and its contents, in case of damage or theft.

Insurable Interest

A requirement that a person seeking to purchase insurance has a legitimate interest in safeguarding the item or life being insured from loss or damage.