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Twelve Persons Are Arranged in a Line

question 18

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Twelve persons are arranged in a line. What is the probability that three specific people are standing next to each other?


Definitions:

Market Risk

The possibility of an investor experiencing losses due to factors that affect the overall performance of the financial markets.

Stock Split

A corporate action where a company divides its existing shares into multiple shares to boost the liquidity of the shares, though the overall value of one's holdings remains the same.

Market Value

The existing rate for buying or selling a commodity or service in a trading environment.

Shares Outstanding

The total number of shares of a corporation that have been issued and are currently owned by shareholders.

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