What Is the Probability of Getting Tails 4 Times in a Row

question 4

Multiple Choice

What is the probability of getting tails 4 times in a row when you flip a coin?

• A)1 in 4
• B)1 in 10
• C)1 in 16
• D)1 in 20
• E)1 in 24

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Definitions:

Standard Deviation

A statistical measure of the dispersion or variability within a data set, indicating how spread out the numbers are from the mean.

Optimal Cycle

The most efficient duration or sequence for a process or operation to minimize costs and maximize output.

Service Level

A measurement of the performance of a system, often used in supply chains to quantify the percentage of customer demands met without delay.

Overstocking Cost

Expenses incurred when a company holds more inventory than it can sell, including storage, insurance, and depreciation.