Solve the Problem. -Suppose You Receive a Shipment of 16 Calculators, Two of Calculators

question 76

Multiple Choice

Solve the problem.
-Suppose you receive a shipment of 16 calculators, two of which are defective. What is the probability of picking a sample of 5 calculators with exactly one bad calculator in it? (Round approximations to the nearest
Thousandth.)

• A) 0.458
• B) 0.092
• C) 0.046
• D) 0.229

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Definitions:

Money Income

Money income is the total income received by a household or individual in the form of currency or in transactions, excluding non-monetary benefits.

Budget Line

A graphical representation showing the combination of two goods that a consumer can purchase with a given income, at specified prices.

Price

The total money calculated, demanded, or paid in exchange for something.