Solve the Problem. -What Is the Probability That at Least 2 People Have

question 29

Multiple Choice

Solve the problem.
-What is the probability that at least 2 people have the same birth month in a group of 6 people?

• A)0.777
• B)0.223
• C)0.788
• D)0.212

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Definitions:

Risk Premium

The additional return expected by an investor for taking on a higher level of risk.

Nominal Interest Rate

The rate of interest before adjustment for inflation, representing the face value of interest payments.

Real Rate of Interest

The interest rate adjusted for inflation, reflecting the true cost of borrowing.

Interest Rate Components

The factors that determine the total interest rate charged by lenders, which can include the base rate, margin, fees, and other costs.