Which of the Following Events Is the Most Probable

question 35

Multiple Choice

Which of the following events is the most probable?

• A) flipping 6 or more heads in 10 coin flips
• B) flipping 60 or more heads in 100 coin flips
• C) flipping 600 or more heads in 1000 coin flips
• D) All these events are equally probable.

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Definitions:

Financial Information

Data related to the financial status of an entity, including assets, liabilities, revenues, and expenses, which is used for analysis and decision-making.

Unbiased Evidence

Information or data that is objective, impartial, and not influenced by personal feelings or opinions, used in making decisions or conclusions.

Monetary Unit Assumption

The monetary unit assumption is an accounting principle that assumes business transactions and events can be measured and expressed in terms of money.

Express Transactions

Express transactions involve rapid financial or goods exchanges, emphasizing speed and efficiency in the completion of the transaction.