Suppose 1,000 Experts Flip a Coin Once Each Year and Half

question 114

Multiple Choice

Suppose 1,000 experts flip a coin once each year and half say the market will go up, while the other half say the market will go down. After six years how many experts would have been correct every year?

• A) 15
• B) 62
• C) 8
• D) 31

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Definitions:

Bias

A tendency to favor or lean towards a particular perspective, preference, or result, often in a way that is considered unfair or prejudiced.

Diagnostic Labels

Terms or phrases used in healthcare and psychology to identify and classify diseases, disorders, or conditions based on symptomatology and/or underlying causes.

Schizophrenia

A chronic mental disorder characterized by delusions, hallucinations, disorganized speech, and impaired cognitive function.

Biasing Power

Refers to the ability to influence someone's judgment or decisions in a particular direction.