Write the Word or Phrase That Best Completes Each Statement

question 77

Multiple Choice

Write the word or phrase that best completes each statement or answers the question.
-Find the probability that of 25 randomly selected students, no two share the same birthday.

• A)0.431
• B)0.995
• C)0.569
• D)0.068

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Definitions:

Real Rate

The interest rate that has been adjusted for inflation, reflecting the true cost of borrowing or the true yield on an investment.

Prices Fall

A situation in the market where the cost of goods or services decreases due to various factors such as supply and demand.

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return.

Current Consumption

The portion of income or resources that is spent on goods and services at the present time, as opposed to saving for future consumption.