Three Statistics Professors and Seven Chemistry Professors Are Available to Be

question 95

Multiple Choice

Three statistics professors and seven chemistry professors are available to be advisors to a student organization. The student organization needs two of the professors to be
Advisors. If each professor has an equal chance of being selected, what is the probability
That both professors are chemistry professors?

• A) 0.467
• B) 0.100
• C) 0.111
• D) 0.233

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Definitions:

Losing Positions

Investments that have decreased in value from the original purchase price, leading to potential financial losses for the investor.

Active Investments

Investment strategies that involve frequent transactions and monitoring by investors or fund managers with the aim to outperform market indexes.

Forecasting Errors

Discrepancies between predicted values and actual values that occur when projecting future data points or trends.

Passive Investments

Investment strategies that involve minimal buying and selling actions, typically focused on long-term appreciation and mimicking market or sector indexes.