The Qualified Applicant Pool for Three Management Trainee Positions Consists

question 12

Multiple Choice

The qualified applicant pool for three management trainee positions consists of seven men and six women. If the applicants are equally qualified and the trainee positions are selected by drawing the names at random so that all groups of three are equally likely, what is the probability that the trainee class will consist entirely of men? Round your answer to the nearest thousandth.

• A)0.007
• B)0.073
• C)0.122
• D)0.003
• E)none of these choices

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Definitions:

Common Stock

A type of equity security that represents ownership in a corporation, carrying voting rights and potential for dividends.

Par Value

The nominal or face value of a stock or bond, as stated by the issuer.

Fair Value

An estimate of the market value of an asset or liability, based on current conditions and agreed upon by both buyer and seller.

Goodwill

Goodwill is an intangible asset that arises when a company acquires another company for a premium value, representing elements such as brand reputation, customer relations, and intellectual property.