What Is the Probability That Jennifer Will Have Two Sons $\frac { 1 } { 4 }$

question 10

Multiple Choice

What is the probability that Jennifer will have two sons out of her three children? Assume that boy and girl babies are equally likely.Disregard the likelihood that there are more male births and that there is a higher infant mortality rate for boys.Your simulation should use at least 10 runs.

• A) \(\frac { 1 } { 4 }\)
• B) \(\frac { 3 } { 8 }\)
• C) \(\frac { 1 } { 2 }\)
• D) \(\frac { 5 } { 8 }\)
• E) \(\frac { 1 } { 8 }\)

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Definitions:

Profitability

A measure of how efficient a company is at generating profits from its resources, often expressed in terms of margins or ratios.

EBIT

A financial metric called EBIT that calculates a company's profits prior to the deduction of interest and income tax costs, encompassing all other expenses.

Operating Leverage

A financial metric that measures the proportion of fixed costs in a company's cost structure, indicating how a change in sales volume will affect operating income.

Variable Cost

Costs that vary directly with levels of production or sales volume, such as materials and labor.