Solve the Problem. -Find the Probability of Having 4 Girls in a 4-Child

question 37

Multiple Choice

Solve the problem.
-Find the probability of having 4 girls in a 4-child family.

---

Definitions:

Price Floor

A government- or authority-imposed price control or limit on how low a price can be charged for a product.

Effective Price Floor

A government-imposed price control above the equilibrium price, intended to ensure producers receive a minimum price higher than what the market would naturally dictate.

Surplus

A scenario in which the supply of a particular good or service surpasses its demand at the existing market price.

Price Controls

Government-imposed limits on the prices that can be charged for goods and services in the market.