A Coin Is Flipped 100 Times,with a Result of 53

question 28

Multiple Choice

A coin is flipped 100 times,with a result of 53 heads and 47 tails.The deviation between the observed numbers and the expected 50-50 results is called ________.

• A) probability
• B) degrees of freedom
• C) goodness of fit
• D) random sampling error
• E) standard error

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Definitions:

Contract Rate

The agreed-upon price or rate specified in a contract for services or goods, often locked in for the duration of the agreement.

Issue Price

The price at which securities, such as bonds or shares, are originally sold to the public or investors by the issuing entity.

Installment Note Payable

A debt instrument that requires a series of periodic payments to the lender over a specified period of time.

Interest Expense

The expenditure an entity incurs from borrowing funds during a certain period.