Let's Assume You Are Having a Party and Have Stocked

question 3

Multiple Choice

Let's assume you are having a party and have stocked your refrigerator with beverages. You have 12 bottles of Coors beer, 24 bottles of Rainier beer, 24 bottles of Schlitz light beer, 12 bottles of Hamms beer, 2 bottles of Heineken dark beer and 6 bottles of Pepsi soda. You go to the refrigerator to get beverages for your friends. In answering the following question assume you are randomly sampling without replacement. What is the probability your first three bottles selected are Pepsi's?

• A) 0.00044
• B) 0.00024
• C) 0.1875
• D) 0.2250

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Definitions:

Held-to-Maturity Bonds

Bonds that an issuer has the intent and ability to hold until a defined maturity date.

Accrued Interest

Interest that has been earned but not yet received in cash or recorded by the payee.

Interest Revenue

The income a company receives from its investments in interest-bearing accounts or other instruments.