If You Have 15 Red Socks (Individual, Not Pairs), 24

question 20

Multiple Choice

If you have 15 red socks (individual, not pairs) , 24 green socks, 17 blue socks, and 100 black socks, what is the probability you will reach in the drawer and randomly select a pair of green socks? (Assume sampling without replacement.)

• A) 0.3022
• B) 0.3077
• C) 0.0228
• D) 0.0227

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Definitions:

Close Corporation

A closely held corporation that has a limited number of shareholders, often with restrictions on the transfer of shares and typically managed by shareholder-directors.

Business Judgment Rule

A rule protecting business managers from liability for making bad decisions when they have acted prudently and in good faith.

Uninformed Decisions

Choices made without access to all necessary information, knowledge, or understanding, which can lead to adverse outcomes.

Conflicts Of Interest

Situations where an individual's or organization's personal interests could potentially influence or appear to influence their decisions in their official capacity.