If a Coin Is Tossed Three Times, the Likelihood of Obtaining

question 31

Multiple Choice

If a coin is tossed three times, the likelihood of obtaining three heads in a row is

• A)zero
• B)0.500
• C)0.875
• D)0.125

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Definitions:

Probability Distribution

A mathematical function that provides the probabilities of occurrence of different possible outcomes for an experiment.

NPV

The calculation of the current value of all future cash flows generated by a project, after accounting for the initial capital expenditure.

IRR

Internal Rate of Return; a metric used in capital budgeting to estimate the profitability of potential investments.

Probability Distributions

A statistical function that describes all the possible values and likelihoods that a random variable can take within a given range.