Suppose a Student Tosses a Fair Coin Consecutively Seven Times

question 133

Multiple Choice

Suppose a student tosses a fair coin consecutively seven times and gets tails each time.Which belief about the probability of getting tails on the next toss is NOT consistent with the hot-hand fallacy?

• A) The probability of getting heads on the next toss is 4/5.
• B) The probability of getting heads on the next toss is 5/6.
• C) The probability of getting heads on the next toss is 6/10.
• D) The probability of getting heads on the next toss is 9/10.
• E) The probability of getting heads on the next toss is 1/2.

---

Definitions:

Departmental Predetermined Rates

Specific predetermined overhead rates calculated for different departments within a company, to more accurately allocate costs.

Machine-Hours

A measure of production volume in terms of the total hours machines are operated in the manufacturing process.

Departmental Predetermined Rates

Rates used to allocate departmental overhead costs, established in advance based on expected costs and activity levels.

Machine-Hours

A measurement unit representing the operational time of a machine, typically used in manufacturing to allocate costs based on usage.