If You Weighted a Coin Such That the Probability of Obtaining

question 89

Short Answer

If you weighted a coin such that the probability of obtaining a head on any one flip was 0.3, what is the probability of getting 5 or 6 heads out of 6 flips? What is the probability of getting 0 or 1 heads out of 6 flips?

---

Definitions:

Increase Sales

An objective of businesses aimed at growing the number of products sold or services rendered.

Cartel Agreement

A formal, explicit agreement among competing firms to control prices, production, and market shares.

Cartelized Market

A market condition where a few suppliers act together to control prices or limit market competition.

Oligopoly

A market structure dominated by a small number of large firms, leading to limited competition and potentially higher prices for consumers.