A Penny Is Tossed

question 48

Multiple Choice

A penny is tossed.We observe whether it lands heads up or tails up.Suppose the penny is a fair coin;that is,the probability of heads is one-half and the probability of tails is one-half.What does this mean?

• A)Every occurrence of a head must be balanced by a tail in one of the next two or three tosses.
• B)If the coin is tossed many,many times,the proportion of tosses that land heads will be approximately one-half,and this proportion will tend to get closer and closer to one-half as the number of tosses increases.
• C)Regardless of the number of flips,one-half will be heads and one-half tails.
• D)All of the above

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Definitions:

Collective Agreement

A labour contract that addresses a variety of issues, such as wages and benefits, hours of work, working conditions, grievance procedures, safety standards, probationary periods, and work assignments; usually negotiated between the local union’s bargaining committee and the human resource or industrial relations department.

Disciplinary Action

Measures taken by an employer against an employee who has violated company policies or standards of conduct.

Collective Agreement

A negotiated contract between an employer and a labor union that outlines terms of employment, wages, and working conditions for employees.

Management

The process of organizing, planning, leading, and controlling resources to achieve organizational goals.