THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 32

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Suppose you flip a coin four times.For every head,you receive one point,and for every tail,you lose one point.
-What is the probability that the mean number of points you receive on four flips is 0.5?

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Definitions:

Compounded Quarterly

The process in which interest is calculated and added to the principal amount every quarter of the year.

Deposits

Money placed into a bank account or given as a security for a contractual agreement.

Semi-annually

Occurring twice a year, typically every six months.

Quarterly Payments

Payments made four times a year, typically used in the context of dividends or loan repayments.