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Suppose a man has ordered twelve 1-gallon paint cans of a particular color (lilac) from the local paint store in order to paint his mother's house. Unknown to the man, three of these cans contains an incorrect mix of paint. For this weekend's big project, the man randomly selects four of these 1-gallon cans to paint his mother's living room. Let the number of the paint cans selected that are defective. Unknown to the man, follows a hypergeometric distribution. Find the mean of this distribution.
Defenses
Legal arguments and strategies used by a defendant to challenge the validity of the plaintiff's claims.
Holder in Due Course
A legal term referring to a person who has received a negotiable instrument in good faith and for value, enjoying certain protections against defects in the instrument and prior claims.
Promissory Note
A financial instrument containing a written promise by one party to pay another party a definite sum of money either on demand or at a specific future date.
Good Faith
Good faith refers to an honest intention to act without taking an unfair advantage over another party, often used to denote sincerity in negotiations or in fulfilling contractual obligations.
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