As Part of a Promotion, Both You and Your Roommate

question 14

Multiple Choice

As part of a promotion, both you and your roommate are given free cellular phones from a batch of 13 phones. Unknown to you, four of the phones are faulty and do not work. Find the probability
That one of the two phones is faulty.

• A).077
• B).231
• C).538
• D).462

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Definitions:

Trend Income Statement

A financial statement that shows the changing dynamics of income over a series of periods, highlighting trends in revenue and expenses.

Base Year

A specific year or period used as a comparison point for financial analysis and indexing.

Information Filter

A process or system that selectively separates relevant data from irrelevant or less important information.

SEC Form 10K

SEC Form 10K is an annual report filed by publicly traded companies in the U.S., providing a comprehensive overview of the company's financial performance and condition.