Find the Indicated Probability

question 155

Multiple Choice

Find the indicated probability.
-Suppose that 10% of people are left handed. If 6 people are selected at random, what is the probability that exactly 2 of them are left handed?

• A) 0.0984
• B) 0.197
• C) 0.0100
• D) 0.0146

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Definitions:

Consumption Bundle

A mix of various goods and services selected by consumers based on their preferences and budget limitations.

Slope

The rate at which one variable changes in relation to another, representing the steepness of a line on a graph.

Indifference Curves

Graphical representations of different bundles of goods between which a consumer is indifferent, showing preferences.

Consumption Bundle

A set of goods or services that an individual considers purchasing, given their income and the prices of those goods/services.