A Warehouse Contains Six Parts Made by Company a and Ten

question 65

True/False

A warehouse contains six parts made by company A and ten parts made by company B. If four parts are selected at random from the warehouse, the probability that all four parts are from company B is approximately .008.

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Definitions:

Sarbanes-Oxley Act

A U.S. law enacted in 2002 aimed at protecting investors from fraudulent accounting activities by corporations, thereupon enhancing corporate governance and financial transparency.

Investor Confidence

The level of trust that investors have in the stability and potential profitability of financial markets or specific investments.

Corporate Scandals

Major failures of ethics and governance within corporations, often leading to legal penalties or public outrage.