If Someone Were to Flip a Coin Six Times,which of the Following

question 15

Multiple Choice

If someone were to flip a coin six times,which of the following sequences of heads (H) and tails (T) would be most likely?

• A) H H H T T T
• B) H T T H T H
• C) T T H H T H
• D) All of these sequences would be equally likely.

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, typically reported on the income statement.

Profit Margin

A financial metric indicating the percentage of revenue that remains as profit after all expenses are deducted.

Income Tax Rate

The percentage at which an individual or corporation is taxed on their income.

Net Income

Net Income is the total profit of a company after all expenses have been deducted from revenues.