In a Shop There Are 45 Customers, 14 of Whom

question 84

Multiple Choice

In a shop there are 45 customers, 14 of whom will make a purchase. If three customers are selected, one at a time, at random, what is the probability that all will make a purchase?

• A) 0.0369
• B) 0.1176
• C) 0.1460
• D) 0.0257

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Definitions:

Less Of

A comparative term indicating a reduced quantity or degree of something.

Marginal Utility

The additional satisfaction or utility that a consumer receives from consuming an additional unit of a good or service.

Money Income

The total amount of monetary earnings or receipts accruing to an individual or household from various sources before any deductions like taxes.

Total Utility

The complete fulfillment experienced when a certain amount of products or services is consumed.