Container 1 Has 8 Items, 3 of Which Are Defective

question 138

Multiple Choice

Container 1 has 8 items, 3 of which are defective. Container 2 has 5 items, 2 of which are defective. If one item is drawn from each container, what is the probability that only one of the items is defective?

• A) 0.2250
• B) 0.6250
• C) 0.2500
• D) 0.4750
• E) 0.1500

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses, including taxes and operating costs, from its total revenues, indicating the company’s profit.

Dividends

A portion of a company’s earnings distributed to its shareholders as a reward for their investment.

ASPE

Accounting Standards for Private Enterprises; a set of accounting principles and standards in Canada designed for private companies.