On a TV Game Show, a Contestant Is Shown 8

question 65

Multiple Choice

On a TV game show, a contestant is shown 8 products from a grocery store and is asked to choose the three least-expensive items in the set, and then correctly arrange these three
Items in order of price. In how many ways can the contestant choose the three items?

• A) 6
• B) 6720
• C) 56
• D) 336

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Definitions:

Winning Bid

refers to the highest offer made in an auction that is accepted by the seller, resulting in a sale.

Bidders Values

The subjective valuation individual bidders place on the item or service being auctioned.

Low-Value

Referring to items or activities that offer minimal benefits or importance.

Expected Value

The weighted average of all possible outcomes of a random variable, considering their probabilities.