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

question 113

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. Create a probability model for the number of children they will have.Assume that boys and girls are equally likely.

• A) \[\begin{array} { l | c c c c }
• \text { Children } & 1 & 2 & 3 & 4 \\
• \hline \text { P(Children) } & 0.5 & 0.25 & 0.125 & 0.125
• \end{array}\]
• B) \[\begin{array} { l | c c c c c }
• \text { Children } & 1 & 2 & 3 & 4 & 5 \\
• \hline \text { P(Children) } & 0.5 & 0.25 & 0.125 & 0.0625 & 0.0625
• \end{array}\]
• C) \[\begin{array} { l | c c c }
• \text { Children } & 1 & 2 & 3 \\
• \hline \mathrm { P } \text { (Children) } & 0.5 & 0.25 & 0.25
• \end{array}\]
• D) \[\begin{array} { l | c c c c }
• \text { Children } & 1 & 2 & 3 & 4 \\
• \hline \mathrm { P } \text { (Children) } & 0.5 & 0.25 & 0.125 & 0.0625
• \end{array}\]
• E) \[\begin{array} { l | c c c c }
• \text { Children } & 1 & 2 & 3 & 4 \\
• \hline \text { P(Children) } & 0.25 & 0.25 & 0.25 & 0.25
• \end{array}\]

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Definitions:

Repaying Money

The process of returning borrowed funds to the lender along with any agreed upon interest or fees.

Collecting Cash

The process of receiving cash, usually from customers, as payment for goods or services or as repayment of obligations.

Cash Flows

The total amount of money being transferred into and out of a business, especially affecting its liquidity.

Financial Statements

Summarized records of a company's financial activities over a specific period, including income statement, balance sheet, statement of cash flows, and statement of changes in equity.