Use the General Multiplication Rule to Find the Indicated Probability

question 128

Multiple Choice

Use the general multiplication rule to find the indicated probability.
-Among the contestants in a competition are 44 women and 30 men. If 5 winners are randomly selected, what is the probability that they are all men?

• A)0.13122
• B)0.07432
• C)0.14735
• D)0.00885

Execute journal entries related to petty cash transactions, identifying discrepancies and adjusting accounts appropriately.

Evaluate the need and procedures for maintaining compensating balances with banks.

Diagnose signs of potential internal control problems within an organization.

Understand the differences in financial outcomes between FIFO and LIFO inventory costing methods during periods of increasing costs.

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Definitions:

Intellectual Capital Equation

A formula used to quantify the value of an organization's collective knowledge, including human, structural, and relational capital.

Competency

A combination of skills, knowledge, and behavior that is required to effectively perform specific tasks or roles within an organization.

Commitment

A pledge or obligation to do something, often requiring dedication and hard work, such as in a relationship or job.

Job Migration

What occurs when firms shift jobs from a home country to foreign ones.