If P = 040 for the Probability of Getting a Head on Any

question 103

Multiple Choice

If P = 0.40 for the probability of getting a head on any one flip of the coin, then _________.

• A) the odds of getting 4 out of 4 heads equals the odds of getting 4 out of 4 tails
• B) the odds of getting a head on any one toss is greater than the odds of getting a tail
• C) the odds of getting a tail is greater than the odds of getting a head
• D) cannot be determined

---

Definitions:

Compounded Semi-annually

Refers to the process of calculating interest on an investment or loan twice a year.

Compounded Monthly

Interest calculation method where interest is added to the principal balance each month, influencing the next month's interest.

Variable-rate Loan

A loan where the interest rate can change over time based on an underlying benchmark or index.

Compounded Monthly

A method of calculating interest where the earned interest is added to the principal so that the balance doesn't merely grow, it grows at an increasing rate.