A Couple Plans to Have Children Until They Get a Boy,but

question 90

Multiple Choice

A couple plans to have children until they get a boy,but they agree that they will not have more than four children even if all are girls.Find the standard deviation of the number of children the couple have.Assume that boys and girls are equally likely.Round your answer to three decimal places.

• A)1.109
• B)0.992
• C)1.053
• D)0.984
• E)1.173

---

Definitions:

Stock Broker

A professional intermediary who buys and sells shares on behalf of clients in exchange for a commission.

Capital Loss

A decrease in the value of an investment or asset compared to its purchase price, realized when the asset is sold.

Portfolio Review

The process of analyzing and assessing the performance of an investment portfolio to align with investment goals and risk tolerance.

Overconfident Manager

A business leader who has excessive belief in their own ability to make decisions and forecasts, potentially leading to suboptimal business outcomes.