I a Coin Is Tossed Four Times

question 9

Multiple Choice

i. A coin is tossed four times. The probability is ¼ or 0.25 that all four tosses will result in a head face up. ii. A coin is tossed four times. The probability is 1/8 or 0.125 that all four tosses will result in a head face up.
iii. If two events are mutually exclusive, then P(A or B) = P(A) P(B) .

• A) (i), (ii) and (iii) are all correct statements
• B) (i) and, (ii) are correct statements but not (iii).
• C) (i) and, (iii) are correct statements but not (ii).
• D) (ii) and, (iii) are correct statements but not (i).
• E) (i), (ii) and (iii) are all false statements.

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Definitions:

Committed Cost

Expenses that a company has formally pledged or is obligated to incur, often fixed costs related to contracts or legal commitments.

Firm

A business entity involved in commercial, industrial, or professional activities, whether incorporated or not.

Machine Maintenance

The routine or periodic upkeep and repairs of machinery to ensure its optimal functioning and prevent breakdowns.

Relevant Range

The range of activity or volume over which the assumptions about cost behavior are valid.