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:

Manufacturing Costs

Expenses that are directly involved in the production of goods, including raw materials, labor, and overhead costs.

Period Costs

Expenses on an income statement that are not directly tied to the production of goods or services, such as sales, general, and administrative expenses.

Product Costs

Costs directly associated with the production of goods sold by a company, including materials, labor, and overhead.

Input Cost Changes

Variations in the cost of materials and services used in the production of goods or services over time.