THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING

question 244

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
A computer store receives a shipment of 14 computers,5 of which already have modems installed.Unfortunately,the boxes are not labeled so you are unsure which computers have modems.Assume you select 4 computers.
-What is the probability that exactly two of them have modems?

• A)0.3288
• B)0.3704
• C)0.3596
• D)0.3012

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Definitions:

Fair Value

The estimated market price of an asset or liability, reflecting current market conditions rather than historical cost.

Stock Appreciation Rights

A type of bonus compensation given to employees that is equivalent to the appreciation (increase in value) of the company stock over a set period.

Compensation Plan

A detailed plan that outlines the salary, wages, benefits, and incentives for employees, designed to motivate and reward them.

Measurement Date

The specific date at which the values of assets and liabilities are determined in the preparation of financial statements.