A Statistics Class at Wilmington College Has 25 Students of Which

question 61

Multiple Choice

A statistics class at Wilmington College has 25 students of which 15 are math majors and 10 are business majors. The professor randomly selects five students to work together on a group project. What is the probability that none of the students in this group are business majors?

• A)0.1007
• B)0.0565
• C)0.0230
• D)0.1436

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Definitions:

Sales

The transactions involving the exchange of goods or services for money, contributing to a company's revenue.

Functional Currency

The currency of the primary economic environment in which an entity operates, usually the currency in which it generates and spends cash.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in its net income or loss for that period.

Exchange Rates

The rate at which one currency can be exchanged for another, a key factor affecting international business and finance.