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Provide an appropriate response.
-If we sample from a small finite population without replacement, the binomial distribution should not be used because the events are not independent. If sampling is done without replacement and the outcomes belong to
One of two types, we can use hypergeometric distribution. If a population has A objects of one type, while the
Remaining B objects are of the other type, and if n objects are sampled without replacement, then the probability
Of getting x objects of type A and (n - x) objects of type B is In a relatively easy lottery, a bettor selects 5 numbers from 1 to 13 (without repetition) , and a winning 5-number
Combination is later randomly selected. What is the probability of getting all 5 winning numbers? Round your
Answer to four decimal places.
Officer
An individual appointed by a company's board of directors who is charged with managing the day-to-day operations of the company.
Incorporation Process
The series of legal steps taken to form a corporate entity or company which is recognized by law as a separate legal entity from its owners.
Majority Vote
A voting requirement where more than half of the votes cast by individuals entitled to vote are needed to make a decision or pass a resolution.
Shareholders
Individuals or entities that own shares in a corporation, giving them the right to vote on corporate matters and receive dividends.
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