A Perfectly Balanced Coin Is Tossed 6 Times and Tails

question 112

Multiple Choice

A perfectly balanced coin is tossed 6 times and tails appears on all six tosses.Then, on the seventh trial,

• A)tails cannot appear
• B)heads has a larger chance of appearing than tails
• C)tails has a better chance of appearing than heads
• D)heads and tails both have an equal chance of appearing
• E)none of the above

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Definitions:

Fair Value

An estimated market value of an asset or liability based on current market prices or valuations of similar instruments.

Mortgage

A loan secured by real property, typically paid back with interest over a long period, used by individuals and businesses to purchase real estate.

Allowance Account

An account used in accounting to record reductions in the carrying amount of accounts receivable, due to potential or estimated uncollectible debts.

Net Realizable Value

The estimated selling price in the ordinary course of business minus the estimated costs of completion and the estimated costs necessary to make the sale.