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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.
Total Revenue
The overall income generated by a business from selling its goods or services before any costs are deducted.
Value of the Marginal Product
The additional revenue generated by employing one more unit of input, such as labor or capital.
Total Cost
The sum of all expenses incurred in the production of goods or services, including fixed and variable costs.
Total Revenue
The total income received by a firm from selling its goods or services before any costs or expenses are deducted.
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