A Bag Contains 3 Nickels, 5 Dimes, and 4 Quarters

question 112

Multiple Choice

A bag contains 3 nickels, 5 dimes, and 4 quarters. If you draw 3 coins at random from the bag, without replacement, what is the probability that you will get a nickel N, a quarter Q, and a nickel N, in that order? ​

• A)Pr(N first ∩ Q second ∩ N third) =
• B)Pr(N first ∩ Q second ∩ N third) =
• C)Pr(N first ∩ Q second ∩ N third) =
• D)Pr(N first ∩ Q second ∩ N third) =
• E)Pr(N first ∩ Q second ∩ N third) =

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Definitions:

Importing Steel

The act of bringing in steel from other countries to meet domestic demand or for manufacturing purposes, often due to a lack of local supply or cost effectiveness.

Price Per Ton

Price per ton is a measurement of cost used to evaluate bulk materials, indicating how much a buyer must pay for a thousand kilograms of the material.

Producer Surplus

The gap between the minimum amount sellers are prepared to accept for a product or service and the increased amount they actually get because of elevated market prices.

Deadweight Loss

A shortfall in economic efficiency due to a good or service not reaching free market equilibrium.