Edgar accumulated $4,000 in credit card debt. If the interest rate is 30% per year, and he does not make any payments for 2 year
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Answer:
Explanation:
From the question, we have it that the probability of heads coming up every time or tail coming up every time is 1:7 if the coin is tossed in 4 tosses
What this means is that we have a probability of 1/8 of head showing up and a probability of 7/8 that a tail will show up in each toss of the coin
For four throws, it means all four are heads or all four are tails
If all four are heads, we have the probability of this happening as:
if all four are tails, we have the probability as:
Now, the probability of either heads or all tails after 4 tosses will be: