In a Family of 5 Children, What Is the Probability

question 36

Multiple Choice

In a family of 5 children, what is the probability of having 3 girls and 2 boys?

• A) 0.2500
• B) 0.1250
• C) 0.6250
• D) 0.2000
• E) 0.3125

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Definitions:

Price Hike

An increase in the cost of goods or services.

Traceable Fixed Expense

Fixed costs that can be directly linked to a specific business segment or product, and would disappear if the segment or product were discontinued.

Net Operating Income

The income earned from a company's activities once operational costs have been deducted from revenues generated from operations.

Price Reduction

A decrease in the selling price of goods or services, often to increase demand or sales volume.