I Want to Use Simulation to Estimate the Probability of Getting

question 12

Multiple Choice

I want to use simulation to estimate the probability of getting exactly one head and one tail in two tosses of a fair coin. I assign the digits 0, 1, 2, 3, 4 to heads and 5, 6, 7, 8, 9 to tails. Using the following random digits to simulate, what is the estimate of the probability?

• A) 1/10
• B) 1/20
• C) 0.6
• D) 2/3
• E) 0.5

---

Definitions:

Exempt

Not subject to an obligation, duty, or requirement; often used in the context of income that is not subject to taxation.

Capital Gains Rates

The tax rates applied to the profit made from selling an asset for more than its purchase price.

Dividends

Payments made by a corporation to its shareholders, usually as a distribution of profits.

Fair Market Value

The estimated price at which an asset would sell in the marketplace when both buyer and seller are reasonably knowledgeable and willing parties.