A Bag Contains 5 Red Balls and 2 Black Balls

question 94

Multiple Choice

A bag contains 5 red balls and 2 black balls. We draw 5 balls, with each one replaced before the next is drawn. What is the probability that 3 balls drawn will be red? Round your answer to six decimal places. ​

• A)Pr(3 Red) = 0.600000
• B)Pr(3 Red) = 0.014875
• C)Pr(3 Red) = 0.297495
• D)Pr(3 Red) = 0.002479
• E)Pr(3 Red) = 0.578330

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Definitions:

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity available for running day-to-day operations.

Historical Relationship

Patterns or linkages identified through the analysis of past data, often used for forecasting future trends or dynamics.

Bad Debt Expense

An estimated expense that represents accounts receivable that a company does not expect to collect due to customer defaults.

Net Credit Sales

The total amount of sales made on credit minus returns and allowances, representing actual sales revenue.