On Any Given Morning, the Probability That Alex Catches His

question 95

Multiple Choice

On any given morning, the probability that Alex catches his 8 AM train into the city is .5.What is the likelihood that Alex will miss the train on five consecutive mornings?

• A).0014
• B).03125
• C).0658
• D).0871
• E).0026

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Definitions:

Company Books Adjustment

The process of making changes to the financial records to correct errors or update accounting information.

Deposit In Transit

A banking term that refers to checks or other forms of payment that have been received and recorded by a company, but not yet processed or credited by the bank.

Bank Statement Adjustment

Corrections made to a bank account balance to reflect transactions, fees, or errors not previously recorded in the company's books.

Company Books Adjustment

Modifications made to the accounting records to correct errors or update the accounts as required.