Use the at Least Once Rule to Find the Indicated

question 170

Multiple Choice

Use the at least once rule to find the indicated probability.
-In a batch of 8000 clock radios 3% are defective. A sample of 7 clock radios is randomly selected without replacement from the 8,000 and tested. The entire batch will be rejected if at least one of
Those tested is defective. What is the probability that the entire batch will be rejected?

• A)0.192
• B)0.0300
• C)0.143
• D)0.808

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Definitions:

Special Rules

Regulations or provisions that apply in specific situations, often modifying or exempting certain transactions or entities from the general rules of tax law.

AGI

The total income earned by an individual in a year minus specific deductions allowed by the tax code, recalculated for emphasis as foundational in the determination of taxable income.

Qualifying Children

Dependents who meet specific IRS criteria regarding relationship, age, residency, and support, impacting eligibility for certain tax benefits.

EIC

Earned Income Credit, a refundable tax credit aimed at low- to moderate-income working individuals and families, particularly those with children, to reduce their tax liability and potentially qualify for a tax refund.