A Local Paint Store Carries 4 Brands of Paint (W

question 72

Multiple Choice

A local paint store carries 4 brands of paint (W, X, Y, and Z) . The store has 5 cans of W, 3 cans of X, 6 cans of Y, and 15 cans of Z, all in white. It is thought that customers have no preference for one of these brands over another. If this is the case, what is the probability that the next 5 customers will select 1 can of W, X, Y and 2 cans of brand Z?

• A) About .23
• B) Approximately .08
• C) Over .30
• D) 0.25

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Definitions:

Excise Tax

A tax levied on certain goods, services, and activities, such as tobacco, alcohol, and fuel, usually to discourage their consumption and raise government revenue.

Local Property Tax

A tax assessed on real estate properties, usually levied by local government entities such as cities or counties.

Salary

A fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee.

Progressive Tax

A tax whose burden, expressed as a percentage of income, increases as income increases.