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Each Time a Class Meets, the Professor Selects One Student

question 10

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Each time a class meets, the professor selects one student at random to explain the solution to a homework problem. There are 60 students in the class, and no one ever misses class. Luke is one of these students. What is the probability that Luke is selected both of the next two times that the class meets? ​

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Definitions:

Analytical Review Procedures

Financial analysis techniques used in auditing to assess the reasonableness of account balances and fluctuations.

SEC

The U.S. Securities and Exchange Commission, a government agency responsible for enforcing federal securities laws and regulating the securities industry, stock and options exchanges.

Market Price

The present value at which a service or asset is available for purchase or sale.

Disclosure

A process where a company provides important financial information to its shareholders and the public, enhancing transparency.

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