A Computer Store Offers Used Computers Free to Local Middle

question 42

Multiple Choice

A computer store offers used computers free to local middle schools. Of the 55 machines available, 15 have defective memories, 12 have defective keys, and the remainder have no defects. If a teacher picks one at random, what is the probability that she will select a defective computer? ​

• A)Pr(Defective) =
• B)Pr(Defective) =
• C)Pr(Defective) =
• D)Pr(Defective) =
• E)Pr(Defective) =

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Definitions:

Amortizes

The process of gradually writing off the initial cost of an asset over a period, effectively spreading the cost over its useful life.

Accrued Interest

Accrued interest is the interest on a loan or bond that has accumulated since the principal investment or last payment period but has not yet been paid.

Interest Expense

The cost incurred by an entity for borrowed funds, typically presented as an expense on the income statement.

Amortization

The process of spreading the cost of an intangible asset over its useful life.