A Couple Would Like to Know What the Probability Is

question 40

Multiple Choice

A couple would like to know what the probability is that out of five children,three will be girls.This is solved using which of the following?

• A) sum rule
• B) product rule
• C) chi square test
• D) binomial expansion
• E) random sampling error

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Definitions:

Post-closing Trial Balance

A list of all accounts and their balances after closing entries are made, used to verify the equality of debits and credits.

Balance Sheet Accounts

Accounts that are reported on the balance sheet and include assets, liabilities, and equity sections, reflecting the financial position of a company at a specific time.

Owner's Equity

The residual interest in the assets of a business after deducting its liabilities.

Total Liabilities

The sum of all financial obligations a company owes to outside parties, including loans, accounts payable, and mortgages.