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: (D) lays out the core idea, that prices are unpredictable but chance can describe their fluctuations, so it opens the paragraph.

Step 2: (C)'s "Therefore" draws the direct consequence from D: risk becomes measurable and manageable.

Step 3: (B) then supplies the technical origin of this idea in the mathematics of chance, before (E) names it as the birth of modern finance.

Step 4: (A)'s personal reflection on orthodoxy can only close the paragraph. \[ \boxed{\text{DCBEA}} \]