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A small community college in Ohio has four student organizations (A, B, C, and D) . Organization A has 5 students, B has 8, C has 10, and D has 12. It is thought that new students have no preference for one of these organizations over the other. If seven new students are admitted to the college, what is the probability that one student will choose organization A, one will choose B, two will choose C, and three will choose D?
Union Leader
An individual who represents and defends the interests of a group of workers, helping to negotiate terms of employment such as wages and working conditions with employers.
Strategic View
An approach to decision-making that considers the long-term direction and implications of actions taken by an organization.
Bargaining
The negotiation process between two or more parties to reach a mutually acceptable agreement.
Game Theory
A theoretical framework for conceiving social situations among competing players, in which the outcome of a participant's choice of action depends critically on the actions of other participants.
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