Which of the Following Games Involving the Roll of a Single

question 38

Multiple Choice

Which of the following games involving the roll of a single die is a fair bet?

• A) Bet $1 and receive $1 if 3 or 4 comes up.
• B) Bet $1 and receive $1 if 3, 4, or 5 comes up.
• C) Bet $1 and receive $4 if 6 comes up.
• D) None of the bets is a fair bet.

---

Definitions:

Financial Statement(s)

Reports summarizing the financial performance, position, and cash flows of a business over a specified period, including balance sheet, income statement, and cash flow statement.

Permanent/Temporary

Defines classifications of accounts in accounting where permanent accounts refer to balance sheet items that carry over into the next fiscal period, while temporary accounts are closed at the end of each accounting period.

Normal Balance

The side (debit or credit) of an account that is expected to have a higher balance, indicating the account’s increase.

Financial Statement(s)

Comprehensive reports created to present a company's financial performance, financial position, and cash flows over a specific period.