What Is the Probability of Winning Four Games in a Row

question 4

Multiple Choice

What is the probability of winning four games in a row, if the probability of winning each game individually is 1/2?

• A) 1/4
• B) 1/8
• C) 1/2
• D) 3/16
• E) 1/16

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Definitions:

GAAP

Commonly adhered to accounting rules and standards for financial reporting, known as Generally Accepted Accounting Principles.

Merchandise On Account

Goods that have been purchased but not yet paid for, often resulting in an accounts payable for the buyer.

Sales Allowance

A reduction in the selling price of goods or services, typically granted to customers for various reasons like minor defects or dissatisfaction.

Partial Derecognition

The process in accounting where only a portion of a financial asset or liability is removed from the balance sheet.