If a Coin Is Tossed Three Times, and a Statistician

question 69

Multiple Choice

If a coin is tossed three times, and a statistician predicts that the probability of obtaining three heads in a row is 0.125, which of the following assumptions is irrelevant to his prediction?

• A)The events are dependent.
• B)The events are independent.
• C)The coin is unbiased.
• D)All of the above assumptions are relevant to his prediction.

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Definitions:

CCA Class

It stands for Capital Cost Allowance Class, a categorization in tax systems for different types of depreciable properties to determine the depreciation rate for tax purposes.

Net Advantage to Leasing

A calculation used to assess the financial benefits of leasing equipment versus purchasing it outright.

After-Tax Discount Rate

The discount rate that has been adjusted to reflect the net of tax status, used in calculating the present value of future cash flows after taxes.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life uniformly.