If You Roll a Balanced Die 50 Times,you Should Expect

question 94

Multiple Choice

If you roll a balanced die 50 times,you should expect an even number to appear:

• A)on every other roll.
• B)exactly 50 times out of 100 rolls.
• C)25 times on average,over the long term.
• D)All of these choices are true.

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Definitions:

Gross Profit

The difference between sales revenue and the cost of goods sold, indicating the profitability of selling goods and services.

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenues.

Bad Debt Expense

An estimate of the accounts receivable that a company does not expect to collect, recognized as an expense.

Journal Entry

A record in the books of accounts that logs financial transactions, including debits and credits, in chronological order.