Suppose We Have a Group of 5 Children and Wish

question 43

Multiple Choice

Suppose we have a group of 5 children and wish to randomly select 2 from the group without replacement.How many possible unique samples of size 2 are possible if the order of selection does not matter?

• A) 2
• B) 5
• C) 20
• D) 10

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Definitions:

Land Purchase

The acquisition of land as a fixed asset with the intent of using it for business operations or investment purposes.

Accounts Payable

Money owed by a company to its creditors for goods and services that have been received but not yet paid for.

Inventory

Goods or materials that a business holds for the purpose of resale or production.

Prepaid Insurance

An asset account that represents insurance paid in advance, which is expensed as it is used or over time.