Solve the Problem $\frac { 2 } { 7 }$ B) $\frac { 1 } { 49 }$

question 196

Multiple Choice

Solve the problem.
-A song is selected at random from a jukebox containing 30 rock/pop songs, 12 country songs, and 7 classical pieces.
Find the probability: P(selecting a country song)

• A) \(\frac { 2 } { 7 }\)
• B) \(\frac { 1 } { 49 }\)
• C) \(\frac { 1 } { 12 }\)
• D) \(\frac { 12 } { 49 }\)

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Definitions:

Compounded Annually

the process of adding interest to the principal sum of a loan or deposit once every year.

RRSP

A Retirement Savings Plan officially recognized for both working individuals and self-employed people in Canada, designed for saving and investing towards retirement.

Annual Contributions

Regular amounts added to an investment, savings account, or retirement fund once every year.

Compounded Semi-Annually

Interest that is compounded semi-annually is applied to the principal amount twice a year, leading to an increase in the overall amount of interest earned compared to simple interest.