In the Game of Rock, Paper, Scissors, Two People Play

question 83

Multiple Choice

In the game of rock, paper, scissors, two people play, and it's equally likely that you will win, lose,
Or tie. Find the probability of losing at least once in two tries.

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Definitions:

Capital Budgeting

Analysis techniques concerned with justifying money spent on long-term assets and projects.

Profitability

A measure of the efficiency of a company or investment in generating profit or return compared to its revenue or investment size.

Capital Budgeting Process

The procedure companies use to evaluate and select long-term investments that are aligned with their goal of shareholder wealth maximization.

Incremental Cash Flows

The additional cash flow a business receives from taking on a new project, used to analyze the profitability of that project.