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A lot of 1000 components contains 250 that are defective. Two components are drawn at random and tested. Let be the event that the first component drawn is defective, and let be the event that the second component drawn is defective.
Find .
Net Asset Value
The value per share of a mutual fund or ETF, calculated by dividing the total value of all the securities in the portfolio, minus liabilities, by the number of outstanding shares.
Year-End Assets
The total value of all assets held by an individual or corporation calculated at the end of the fiscal year.
Liabilities
Financial obligations or debts owed by a company or an individual to creditors, typically classified as current (short-term) or long-term.
Net Asset Value
The total value of a fund's assets minus its liabilities, often used in the context of mutual funds to determine the per share market value.
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