Suppose We Flip a Coin 10 Times

question 1

Multiple Choice

Suppose we flip a coin 10 times. The probability that heads occurs exactly the same number of times as tails on the 10 flips is:

• A)0.1667.
• B)0.2461.
• C)0.3125.
• D)0.5.

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Definitions:

Profit Margin

A financial metric depicting the percentage of revenue that exceeds the costs of goods sold, showing the profitability of a business.

Net Sales

Company sales revenue post deduction of returns, allowances for imperfections or absences, and discounts.

Depreciation

An accounting method of allocating the cost of a tangible asset over its useful life to account for declines in value over time.

Plant Assets

Durable physical assets employed in the running of a business, designed for long-term use and not for being sold off.