Find the Probability. -A Batch Consists of 12 Defective Coils and 88 Good

question 22

Multiple Choice

Find the probability.
-A batch consists of 12 defective coils and 88 good ones. Find the probability of getting two good coils when two coils are randomly selected if the first selection is replaced before the second is
Made.

• A)0.0144
• B)0.176
• C)0.7733
• D)0.7744

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Definitions:

Present Value

The contemporary financial worth of a future sum or ongoing cash flows, evaluated at a designated rate of return.

Compounded Annually

A method of calculating interest where the interest earned each year is added to the principal, and the interest for the next year is calculated on the total amount.

Unamortized Discount

The portion of a bond discount that has not yet been charged to expense because the bond has not reached its maturity.

Times Interest Earned Ratio

A financial ratio that measures a company's ability to meet its debt obligations by comparing its income before interest and taxes (EBIT) to its interest expenses.