An Experiment Consists of Tossing Three Fair Coins

question 58

Multiple Choice

An experiment consists of tossing three fair coins. What is the probability of tossing two tails?

• A) 1/8
• B) 1/4
• C) 3/8
• D) 1/2

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Definitions:

John Maynard Keynes

A British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments, known for advocating increased government expenditures and lower taxes to stimulate demand and pull the global economy out of depression.

Aggregate Demand

Aggregate ask for products and services within an economy, designated at a particular all-encompassing price level throughout a specified interval.

Unemployment

Unemployment is the situation where individuals who are capable of working and are actively seeking employment are unable to find a job.

Aggregate Demand

The complete need for every product and service within an economy at various price points, throughout a particular timeframe.