Given Equal Probabilities of the Birth of a Boy or Girl

question 62

Multiple Choice

Given equal probabilities of the birth of a boy or girl, if a group of four siblings consists of all girls, what is the probability that the next birth is a boy?

• A)4/5
• B)3/4
• C)2/3
• D)1/2

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Definitions:

Credit Instrument Captive Finance Company

refers to a financial subsidiary company operated by a parent company primarily to provide financing for the sales and leasing of their products by offering credit to its customers.

Operating Cycle

The period it takes for a business to buy inventory, sell products, and collect cash from customers, essentially measuring the time between purchasing materials and receiving cash from sales.

Credit Period

The time duration given by a seller to a buyer to pay for a product or service, typically expressed in days.

Inventory Period

The average time that goods remain in inventory before being sold, indicating the efficiency of inventory management.