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:

Machine Hours

A measure of production time, representing the total hours that machinery is operated in the manufacturing of a product.

Number Of Employees

The overall number of people working for a firm, encompassing both those in full-time and part-time positions.

Step-down Method

A cost allocation method used in accounting to distribute overhead costs to various departments or products.

Machine Hours

The total number of hours that machinery is operational during a certain period.