Find the Indicated Probability

question 20

Multiple Choice

Find the indicated probability. Round to three decimal places.
-The participants in a television quiz show are picked from a large pool of applicants with approximately equal numbers of men and women. Among the last 10 participants there have been only 2 women. If participants are picked randomly, what is the probability of getting 2 or fewer women when 10 people are picked?

• A) 0.055
• B) 0.044
• C) 0.011
• D) 0.054

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Definitions:

Short-rate Refund

A partial refund of an insurance premium, calculated using the short-rate method, which accounts for administrative costs and the increased risk to the insurer of policies cancelled before their original expiration.

Premium Rate

The price of an insurance premium per unit of coverage, often expressed in terms of monthly or annual cost.

Premium Rate

The price of an insurance policy, typically quoted as a cost per hundred or thousand dollars of coverage.

Annual Premium

Annual Premium refers to the amount paid yearly for an insurance policy to keep it active and provide coverage.