Use the Special Multiplication Rule to Find the Indicated Probability

question 20

Multiple Choice

Use the special multiplication rule to find the indicated probability.
-In one large city, 63% of adults have health insurance. What is the probability that 4 adults selected at random from the town all have health insurance?

• A)0.158
• B)2.52
• C)0.63
• D)0.063

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Definitions:

Limited Liability

Limited liability is a legal structure that restricts an investor's or owner's loss to the amount invested, protecting personal assets from business debts and claims.

Limited Partners

Investors in a limited partnership who contribute capital but have limited liabilities and are not involved in day-to-day management of the business.

Dissolve

To dissolve is to officially end the existence of an entity or agreement, such as dissolving a corporation or dissolving a marriage through divorce.

Bankruptcy

A judicial process that enables individuals or businesses struggling to fulfill their financial commitments to obtain relief from part or all of their debts.