Two Chips Are Drawn at Random and Without Replacement from a Bag

question 60

Multiple Choice

Two chips are drawn at random and without replacement from a bag containing four blue chips and three red chips. Find the probability of drawing two red chips.

• A)\(\frac { 1 } { 7 }\)
• B)\(\frac { 6 } { 7 }\)
• C)\(\frac { 9 } { 49 }\)
• D)\(\frac { 1 } { 12 }\)

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Definitions:

Responsible Corporate Officer Doctrine

A legal principle that holds company executives personally liable for the illegal actions of their company if they were in a position to prevent the actions.

Personally Liable

The legal responsibility of an individual to settle a debt or obligation from their own assets.

False Pretenses

A fraudulent and intentional misrepresentation of fact made by one person to another to induce the other to give up some valuable thing or relinquish a legal right.

Ponzi Scheme

A fraudulent investment scam promising high rates of return with little risk, which pays profits to earlier investors with funds from more recent investors.