An Insurance Company Has Recently Recruited Ten Graduates, Four Men

question 12

Short Answer

An insurance company has recently recruited ten graduates, four men and six women. Two of the graduates are to be selected at random to work in the firm's suburban office.
a. What is the probability that two men will be selected?
b. What is the probability that at least one man will be selected?

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Definitions:

Initial Public Offerings (IPOs)

The method where a privately-held company offers its stock to the broader public for the initial time.

SUPERDOT

A now obsolete electronic system used by the New York Stock Exchange for routing orders directly to the trading floor, replacing manual order handling.

Specialist

A financial expert who possesses a deep understanding of specific securities or sectors, often responsible for facilitating trades by matching buyers with sellers.

Securities Investor Protection Corporation (SIPC)

A non-profit organization that protects customers of brokerage firms that are forced into bankruptcy, providing a safety net for investors' assets.