If You Have Flipped a Fair Coin and Tails Has

question 39

Multiple Choice

If you have flipped a fair coin and tails has come up 49 times in a row, what are the odds that the next flip will be a head?

• A)1/50
• B)1/25
• C)1/2
• D)1 (100%)

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Definitions:

Innovation

The process of creating new ideas, products, or methods, which bring about significant improvements or competitive advantage.

Product-Development

The process of bringing a new product or service to the market, from the initial idea through design, development, testing, and launch.

Number of Ideas

The quantity of concepts or proposals generated during brainstorming sessions or through creative processes, often a metric in innovation and design thinking.

Long-Range Marketing Plans

Strategic planning documents that outline a company's marketing objectives and strategies for a period of several years.