Find the Probability

question 24

Multiple Choice

Find the probability. Round to the nearest ten-thousandth when necessary.
-A bag contains 6 cherry, 3 orange, and 2 lemon candies. You reach in and take 3 pieces of candy at Random. What is the probability that you have at least 2 orange candies?

• A) 0.3362
• B) 0.5758
• C) 0.4909
• D) 0.1515

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Definitions:

Ordinary Holder

An ordinary holder in financial contexts refers to an individual or entity that legally possesses a negotiable instrument, like a check or draft, without necessarily having any special rights, claims, or defenses related to it.

HDC Rights

Rights afforded to a Holder in Due Course, who has obtained a negotiable instrument in good faith and is protected from certain defenses in collection.

Fraudulently Induces

To cause someone to act or make a decision based on deception, often leading to legal harm or damage.

Note

In financial contexts, a note is a legal document representing a loan or a promise to pay a specific sum of money at a future date.