You Can Order a New Model of an Electronic Notebook

question 285

Essay

You can order a new model of an electronic notebook in one of five colors.The notebook also comes loaded with one of four different games.How many different combinations of colors and games are possible? If you were to order three different notebooks without stating preference on color or games,what is the probability that they are identical? Assume that the color and game on one notebook is independent of any others.

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Definitions:

Basic Earnings

Typically refers to basic earnings per share, which is a measure of the amount of profit attributable to each outstanding share of a company's common stock.

Reacquired

Refers to assets or securities that have been repurchased or bought back by the company that originally issued them.

Noncumulative Preferred Stock

A type of preferred stock on which the right to receive dividends ends if the dividends are not declared in the year they are earned.

Undeclared Dividends

These are dividends that have been earned by shareholders but have not yet been officially announced by the company.