Use the Following Information to Answer the Question

question 53

Multiple Choice

Use the following information to answer the question. Suppose that a recent poll of American households about pet ownership found that for households with a pet, 39% owned exactly a dog, 33% owned a cat, and 7% owned a bird. Suppose that three households are selected randomly and with replacement.
-What is the probability that all three randomly selected households own a cat? (Round to the nearest hundredth)

• A)0.03
• B)0.04
• C)0.06
• D)None of these

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Definitions:

Original Amount

The initial sum of money before any changes, such as appreciation, depreciation, or interest, have been applied.

Final Value

The value of an investment or loan after the application of interest or other financial changes.

Simplify

To alter a complex equation or expression into a simpler form that retains the original meaning or value.

Like Terms

Terms in an algebraic expression that have the same variable raised to the same power and can be combined.