The Probability of Getting Heads on a Fair Coin Is

question 16

Multiple Choice

The probability of getting heads on a fair coin is 0.50.The probability of getting tails is also 0.50.If you toss the coin three times and get heads all three times,what is the probability of getting tails on the next toss?

• A)0.25
• B)0.75
• C)0.50
• D)0.30

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Definitions:

Present Value

The present-day worth of an anticipated future sum or series of cash payments, calculated using a specific interest rate.

Discounted Value

The present value of a future amount of money or stream of cash flows given a specified rate of return.

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, paid by the borrower to the lender for the use of their funds.

Future Consumption

The concept of saving resources or income in the present in order to consume or utilize in the future, reflecting economic planning and saving behavior.