Each Time a Class Meets, the Professor Selects One Student

question 10

Multiple Choice

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? ​

• A)0.00028
• B)0.03333
• C)0.5
• D)0.01724
• E)0.00015

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Definitions:

Liquidity

The ease with which an asset can be converted into cash without affecting its market price.

Asset Management

The process of overseeing and optimizing the performance of a set of assets in a way that aligns with the investor's objectives.

Seasonal

Pertaining to changes, fluctuations, or patterns that occur at specific times of the year or in specific seasons, often due to changes in weather, holidays, or business cycles.

Financial Position

The status of the assets, liabilities, and equity of an entity as reflected on its financial statements at a specific point in time.