THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING

question 121

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
In an office of 18 people,there are 7 men and 11 women.A subcommittee of four people will be formed from this group.
-What is the probability that the subcommittee contains two men and two women?

• A)0.377
• B)0.522
• C)0.261
• D)0.755

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Definitions:

Existing Product

A product that has already been developed and is available in the market for consumers.

Marginal Utility

The additional satisfaction or utility gained by consuming an additional unit of a good or service.

Consumer's Income

The total amount of money earned by an individual or household, influencing their purchasing decisions and capacity.

Fast-Second Strategy

An approach by a dominant firm in which it allows other firms in its industry to bear the risk of innovation and then quickly becomes the second firm to offer any successful new product or adopt any improved production process.