If you have flipped a fair coin and tails has come up 49 times in a row, what are the odds that the next flip will be a tail?
A) 0
B) 1/50
C) 1/25
D) 1/2
D
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What is the profit maximizing rule for firms? (i.e. how do they decide what output to produce?) b. Explain why this approach will maximize profits for a firm.
Which of the following is NOT a cost of inflation?
A) uncertainty cost B) confusion cost C) tax cost D) unemployment cost E) shoe-leather cost
What are the three main lessons on crisis learned from early developing countries in Latin America?
A) choosing the right exchange rate regime, the importance of contagion and the importance of the banking system B) choosing the right real rate, the importance of following exchange rates, and keeping prices high to make the most profit C) pegging exchange rates with Euros, keeping labor cost and wages low D) maintaining money supply, avoiding tariffs, and increasing output E) maintaining money supply, avoiding inflation, and increasing production
Mixed bundling:
A. is the practice of selling several products together as a package. B. is the practice of selling the same good to different types of consumers at different prices. C. is the practice of selling several products together as a package while also offering those products for sale individually. D. is the practice of selling goods in bulk at a reduced per unit price.