To Win a Prize, a Person Must Select 5 Numbers

question 33

Multiple Choice

To win a prize, a person must select 5 numbers from 9 numbers without replacement. Find the probability of winning if a person buys one ticket. (Note: The numbers can be selected in any order.) Round to four decimal places, if necessary.

• A) 0.0119
• B) 0.5556
• C) 0.0222
• D) 0.0079

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Definitions:

Ending Inventory

The total value of goods available for sale at the end of an accounting period, assessed before the new period begins.

Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period.

Balance Sheet

A financial statement that shows the assets, liabilities, and shareholders' equity of a company at a specific point in time.

Dollar-Value LIFO Retail Inventory Method

A method for valuing inventory that combines the last-in, first-out (LIFO) principle with dollar values, adjusting for changing prices and inventory levels.