Find the Indicated Probability. Express Answers as Decimals

question 90

Multiple Choice

Find the indicated probability. Express answers as decimals.
-An IRS auditor randomly selects 3 tax returns from 57 returns of which 15 contain errors. What is the probability that she selects none of those containing errors?

• A)0.0156
• B)0.4001
• C)0.3923
• D)0.0182

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Definitions:

Income Summary Account

A temporary ledger account used to transfer the balances of all revenue and expense accounts at the end of an accounting period to determine the net income or loss.

Proprietorship

A business owned and operated by a single individual, with no legal distinction between the owner and the business entity.

Expenses

Expenses are the costs incurred in the process of generating revenue, including operational costs, salaries, and utility expenses, critical for determining a company's net income.

Revenues

The total income generated by a company from its activities, before any expenses are deducted.