Question

The sentences (A-E) when properly sequenced form a coherent paragraph. Choose the most logical order. 

(A) This is now orthodoxy to which I subscribe—up to a point.
(B) It emerged from the mathematics of chance and statistics.
(C) Therefore the risk is measurable and manageable.
(D) The fundamental concept: Prices are not predictable, but the mathematical laws of chance can describe their fluctuations.
(E) This is how what business schools now call modern finance was born.

• A. ADCBE
• B. EBDCA
• C. ABDCE
• D. DCBEA

Hint:

For paragraph ordering, place definitions/concepts before consequences, then origin/history, and end with evaluation or author's view.

Answer 1

The Correct Option is D

Step 1: Core idea first.
(D) introduces the fundamental concept about price unpredictability but probabilistic description. 

Step 2: Source of the idea.
(B) tells where this concept came from—math of chance and statistics.

Step 3: Consequence.
(C) infers that risk is measurable and manageable. 

Step 4: Naming the field.
(E) concludes that this line of thought gave birth to modern finance. 

Step 5: Author's stance.
(A) provides the author's reflective comment that this is now orthodoxy. \[ \Rightarrow \boxed{\text{Order } D \rightarrow B \rightarrow C \rightarrow E \rightarrow A} \]