Suppose 1,000 Experts Flip a Coin Once Each Year and Half

question 63

Multiple Choice

Suppose 1,000 experts flip a coin once each year and half say the market will go up while the other half say the market will go down. After 6 years how many experts would have been correct every year?

• A) 15
• B) 62
• C) 8
• D) 31

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Definitions:

Net Exports

The financial difference between what a country sells abroad and what it buys from other countries, representing its trade balance.

Capital Depreciation

The decrease in value of physical assets over time due to use, wear and tear, or obsolescence.

GDP

Gross Domestic Product, the total value of all goods and services produced within a country in a specific time period.

Specific Year

A specific year refers to a particular 12-month period used for referencing or analysis in historical, economic, or other contexts.