A Game Involves Tossing Two Coins and Receiving 46

question 81

Multiple Choice

A game involves tossing two coins and receiving 46 cents if they are both tails. What is a fair price to pay for the privilege of playing, to the nearest cent?

• A) A fair price would be to pay $0.23 for four plays of the game.
• B) A fair price would be to pay $0.23 for two plays of the game.
• C) A fair price would be to pay $0.23 for one play of the game.
• D) A fair price would be to pay $0.46 for two plays of the game.
• E) A fair price would be to pay $0.46 for one play of the game.

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Definitions:

Industry

Pertains to the economic activity concerned with the processing of raw materials and manufacture of goods in factories, as well as the sector of the economy characterized by such activities.

Emotional Intelligence

The capability to recognize, understand, manage, and reason with emotions in oneself and others, crucial for effective interpersonal relations.

Cross-Culturally Sensitive

Showing an awareness of, respect for, and consideration towards the differences and similarities across cultures.

Social Awareness

The ability to understand and respond to the needs of others and the dynamics of social situations.