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Suppose that five of the eight students running for class officers (president, vice president, secretary, and treasurer) have grade-point averages (GPAs) above 3.0. If the officers are selected at random, what is the probability that all four officers will be students with GPAs above 3.0?
Exculpatory Clauses
Contractual provisions that release one party from liability for wrongdoing towards another, often found in service agreements.
Misrepresentations
False or misleading statements or assertions that can lead someone to believe in a reality that is not true, potentially affecting decisions or contracts.
Liability
Legal responsibility for actions or inactions that cause harm or loss to another party, often leading to the obligation to compensate for damages.
Defensive Conditions
Provisions or measures put in place to protect a party from unfair or harmful situations or actions, often found in contracts or negotiations.
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