Find the Probability That 3 Randomly Selected People All Have

question 99

Multiple Choice

Find the probability that 3 randomly selected people all have the same birthday. Ignore leap years. Round to eight decimal places.

• A) 0.3333
• B) 0.00000002
• C) 0.0082
• D) 0.00000751

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Definitions:

Payback Period

This is the duration required to recoup the funds expended in an investment.

Simple Rate Of Return

The rate of return computed by dividing a project’s annual incremental net operating income by the initial investment required.

Straight-Line Method

A depreciation method that allocates an equal amount of depreciation each year over the asset's useful life.

Working Capital

The gap between a firm's current assets and its current liabilities, reflecting its short-term financial stability.