Imagine We Are Catching Fish from a Small Pond That

question 26

Multiple Choice

Imagine we are catching fish from a small pond that contains 6 catfish, 10 perch, and 4 walleye. When we catch a fish, we keep it in the boat and catch the next fish from the remaining fish in the pond. Individuals of all species are equally likely to be caught, and fish are no more or less likely to be caught a second time than they were the first. What is the probability of catching a catfish, followed by a perch, followed by a walleye in the first three catches?

• A) 0.007
• B) 0.015
• C) 0.035
• D) 0.030

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Definitions:

Gross Profit Ratio

A financial metric that indicates the portion of sales revenue exceeding the cost of goods sold, expressed as a percentage.