If a Coin Is Balanced So That P(Heads)= P(Tails)= 1/2,then

question 1

Multiple Choice

If a coin is balanced so that p(Heads) = p(Tails) = 1/2,then which of the following outcomes is least likely to occur?​

• A)​9 Heads in 12 tosses (75% Heads)
• B)​12 Heads in 16 tosses (75% Heads)
• C)​30 Heads in 40 tosses (75% Heads)
• D)​75 Heads in 100 tosses (75% Heads)

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Definitions:

Short Run

A period in which at least one factor of production is fixed, limiting the immediate capacity to adjust to changes in demand.

Long Run

A time frame where every production factor and cost can change, providing complete flexibility to adapt to new situations.

Short-Run Supply

The supply of goods that exists when producers are able to change the quantity of the good produced in response to changing prices, typically within a limited time frame.

Curve

A graphical representation of the relationship between two or more variables in a coordinate system, often used in economics to illustrate supply and demand.