Use the Multiplication Rule for Independent Events

question 55

Multiple Choice

Use the Multiplication Rule for Independent Events
-A bag contains 10 white, 12 blue, 13 red, 7 yellow, and 8 green wooded balls. A ball is selected from the bag, its color noted, then replaced. You then draw a second ball, note its color and then replace the ball. What is the probability of selecting one white ball and one blue ball

• A) 0.0480
• B) 0.4400
• C) 0.2200
• D) 0.0088

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Definitions:

Financial Negotiation

The process of discussing and agreeing on financial terms between parties, often related to prices, payment terms, or contract conditions.

Agree and Neutralize

A conflict resolution or negotiation technique where one acknowledges the opponent's point before presenting counterarguments to diminish the impact of their stance.

Customer's Objection

The concerns or hesitations expressed by prospective customers that salespeople need to address in order to move forward with a sale.

Courteously

In a polite, respectful, and considerate manner, often reflecting goodwill and proper manners.