After Some Experimentation, You Have Determined That You Have a Biased

question 42

Multiple Choice

After some experimentation, you have determined that you have a biased coin. The probability of heads is 0.6 and the probability of tails is 0.4. What is the probability that you will observed heads on three successive flips?

• A) 0.6
• B) 0.36
• C) 0.24
• D) 0.216
• E) 0.096

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Definitions:

Corporation

A corporation is a legal entity that is separate and distinct from its owners, possessing many of the rights and responsibilities of an individual, including the ability to enter contracts, sue, and be sued.

Shareholders

Individuals or entities that own shares in a company, giving them partial ownership and possibly voting rights.

Managing

The process of planning, leading, organizing, and controlling resources, such as human capital and financial assets, to achieve organizational objectives efficiently and effectively.

Corporation

A legal entity that is separate and distinct from its owners, providing limited liability to its shareholders.