If a Penny Is Tossed Three Times and Comes Up

question 59

Multiple Choice

If a penny is tossed three times and comes up heads all three times, the probability of heads on the fourth trial is

• A)smaller than the probability of tails
• B)larger than the probability of tails
• C)1/16
• D)None of the other answers is correct.

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Definitions:

Wage Tax

A tax imposed on employees' earnings, typically deducted from their paychecks by the employer and paid to the government.

Labor Market

The economic marketplace where workers seek employment and employers seek to hire workers, influenced by factors like supply, demand, and wages.

Tax Imposition

The act of establishing or applying taxes on the public or specific sectors by a governing authority in order to fund public expenditures.

Wage Tax

A tax imposed directly on workers' incomes, deducted from their gross salaries or wages by the government.