A Pet Supplier Has a Stock of Parakeets of Which

question 114

Multiple Choice

A pet supplier has a stock of parakeets of which 20% are blue parakeets. A pet store orders 3 parakeets from this supplier. If the supplier selects the parakeets at random,
What is the chance that the pet store gets exactly one blue parakeet?

• A) 0.128
• B) 0.024
• C) 0.384
• D) 0.096

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Definitions:

Express Warranty

An explicit promise or assurance made by a seller about the condition, functionality, or quality of a product.

Sales Transaction

The process of exchanging a good or service for payment between a buyer and a seller.

Implied Warranty

A legal assumption that a product will meet basic standards of quality and functionality, even if not expressly stated.

Merchantable

A quality of goods being fit for the purpose for which such goods are ordinarily used, a requirement for sales under many commercial laws.