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:

Technically Feasible

Refers to a project or proposal that is possible and practical to achieve with the current level of technology.

Least Cost

A principle or strategy focused on achieving a particular objective at the minimum possible cost.

Short Run

A period in economics where at least one factor of production is fixed, and firms can only partially adjust to changes in market demand.

Input

Resources such as labor, materials, and capital used in the production of goods and services.