Selection of Raffle Tickets from a Large Bowl Is an Example

question 156

Multiple Choice

Selection of raffle tickets from a large bowl is an example of

• A)simple probability.
• B)sampling without replacement.
• C)subjective probability.
• D)None of the above.

---

Definitions:

Indorsed in Blank

A signature on a negotiable instrument, such as a check or promissory note, without specifying a new owner, making it payable to the bearer.

Payable

Refers to an amount of money that is owed and should be paid, typically within a specific time frame.

Assignee

The individual or entity to whom rights or property are legally transferred.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer name either mentioned or implied.