Use the at Least Once Rule to Find the Indicated

question 21

Multiple Choice

Use the at least once rule to find the indicated probability.
-In a blood testing procedure, blood samples from 5 people are combined into one mixture. The mixture will only test negative if all the individual samples are negative. If the probability that an
Individual sample tests positive is 0.08, what is the probability that the mixture will test positive?

• A)1.00
• B)0.659
• C)0.341
• D)0.00000328

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Definitions:

Taxable Income

The amount of an individual's or corporation's income used to determine how much tax is owed to the government in a given tax year.

Schedule L

Schedule L is a tax form used by certain businesses to report their balance sheet details to the IRS, including assets, liabilities, and equity.

Schedule M-1

A form used by corporations filing U.S. federal corporate income taxes to reconcile financial statement income with tax return income.

Total Receipts

The total amount of money received by a business during a specific period, including sales, income, donations, and other forms of revenue.