A Group Has 12 Men and 4 Women

question 22

Multiple Choice

A group has 12 men and 4 women. If 3 people are selected at random from the group, what is the probability that they are all men?

• A) 0.4219
• B) 0.5143
• C) 0.3929
• D) 0.0156
• E) 0.0045

---

Definitions:

Pension Expense

An accounting charge representing the cost to a company of providing retirement benefits to employees during a particular time period.

Projected Benefit Obligation

An actuarial measure of the present value of pension benefits owed to employees, accounting for projected salary increases.

Service Cost

The actuarial present value of benefits attributed to employee service during a period, often recognized in pension expense accounting.

Settlement/Discount Rate

The interest rate used in calculating the present value of future cash flows when assessing the value of financial instruments or liabilities.