Assuming That the Probability of Having a Female Child Is

question 14

Multiple Choice

Assuming that the probability of having a female child is 50% and the probability of having a male child is also 50%, what is the probability that a couple's first-born child will be female and that their second-born child will be male?

• A) 20%
• B) 25%
• C) 50%
• D) 75%

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Definitions:

Slope

A measure of the steepness or inclination of a line or curve, indicating the ratio of the vertical change to the horizontal change between two points on the line.

Unit Price

The cost per quantity of an item, allowing consumers to compare costs in a standardized way, facilitating more informed purchasing decisions.

Testamentary Trust

A trust created by a will that becomes effective upon the death of the person who created it.

Settlor's Death

The event of the death of an individual who has established a trust, potentially triggering changes in the management or distribution of the trust's assets.