Find the Probability

question 204

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 1 lemon candy?

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

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Definitions:

Dilutive Potential

The possibility that the issuance of additional securities could decrease earnings per share or decrease an ownership interest.

After-tax Effect

The impact of taxes on a company's financial transactions, typically focusing on the net result after accounting for the taxation impact.

Accounting Policies

The distinct protocols, core principles, guidelines, directives, and procedures followed by a company for the preparation and presentation of its financial reports.

Retrospective Adjustment

An adjustment applied to the financial statements of prior periods to correct an error or to reflect a change in accounting policy as if that policy had always been applied.