Consider a Political Discussion Group Consisting of 6 Democrats, 3 $\frac { 7 } { 40 }$

question 221

Multiple Choice

Consider a political discussion group consisting of 6 Democrats, 3 Republicans, and 7 Independents. Supposethat two group members are randomly selected, in succession, to attend a political convention. Find theprobability of selecting an Independent and then a Democrat.

• A) \(\frac { 7 } { 40 }\)
• B) \(\frac { 21 } { 128 }\)
• C) \(\frac { 1 } { 40 }\)
• D) \(\frac { 7 } { 240 }\)

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Definitions:

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The amount of money that partners or shareholders have invested in a company; this also includes profits that have not been withdrawn.

Accounts Receivable

Funds that a business has yet to receive from its clients or customers for products or services already provided.

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The estimated market price of an asset or liability, reflecting the price at which an orderly transaction would take place between market participants at the measurement date.

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A financial statement that presents a company's assets, liabilities, and shareholders' equity at a specific point in time, giving insight into its financial position.