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Bicycle Buying and Coin Flipping

Bicycle Buying and Coin Flipping

Assessment

Interactive Video

Fun, Business

6th - 10th Grade

Practice Problem

Hard

Created by

Sophia Harris

FREE Resource

A bicycle collector with 25 years of experience discusses finding rare bicycles, often in poor condition. The collector negotiates the price of a well-maintained bicycle, initially valued at four hundred dollars, aiming to purchase it for less. The negotiation involves a coin flip to decide the final price, highlighting the unpredictability and excitement of the process. The video concludes with reflections on the negotiation outcome and the collector's experiences.

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How long has the speaker been collecting bicycles?

30 years

25 years

10 years

15 years

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the typical condition of bicycles the speaker finds?

Slightly used but in good condition

Damaged from rough handling

Pristine and well-maintained

Brand new

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What price does the 'boss' initially think the bicycle is worth?

Three bills

Five bills

Four bills

Two bills

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the speaker's initial offer for the bicycle?

One bill

Two bills

Three bills

Four bills

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do they decide to flip a coin?

To decide who keeps the bicycle

To see who pays for dinner

To determine the final price

To choose a new bicycle

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the speaker say about their luck with coin flips?

They always win

They sometimes win

They always lose

They never flip coins

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the outcome of the coin flip?

The coin was lost

The flip was canceled

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