Event 2C Given the Following Event

question 30

Multiple Choice

Event 2C
Given the following event:
Given two urns, one containing 3 white, 4 blue, and 5 pink balls, and the other containing 2 white, 3 blue, and 7 pink balls. A single ball is drawn from each.
-Given Event 2C, what is the probability that at least one ball is blue?

• A) 5/12
• B) 7/12
• C) 1/2
• D) 11/24
• E) 3/8

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Definitions:

Matching Principle

An accounting principle that dictates that expenses should be recorded in the same period as the revenues that are generated as a result of those expenses, to accurately represent the financial performance of a company.

Depreciation

The accounting method of allocating the cost of a tangible asset over its useful life.

Cumulative Weighted Average Expenditure

A method to calculate the total sum of expenses over a period, where each expenditure is weighted based on its timing or relevance.

Construction Loan

A short-term loan used to finance the building of a real estate project, typically with the property itself serving as collateral.