Michael and Surrey Are Planning to Have Three Children

question 36

Multiple Choice

Michael and Surrey are planning to have three children. Assuming it is equally likely for a boy or a girl to be born, what is the probability that at least one of their children will be a boy?

• A)1/8
• B)3/8
• C)5/8
• D)7/8

---

Definitions:

Maturity Date

The date on which the principal amount of a loan, bond, or other financial instrument is due to be paid in full.

Yield

The income return on an investment, such as the interest or dividends received from holding a particular security.

Annually Compounded

The process where interest is added to the principal sum of a loan or deposit once a year.

Rate of Return

The increase or decrease in the value of an investment during a set timeframe, shown as a percentage of the investment's starting price.