A Gumball Machine Has Just Been Filled with 50 Black

question 24

Multiple Choice

A gumball machine has just been filled with 50 black, 150 white, 100 red and 100 yellow gum balls that have been thoroughly mixed. Sue and Jim, each, purchased one gumball. What is the likelihood both Sue and Jim get red gumballs?

• A) 0.50
• B) 0.062
• C) 0.33
• D) 0.75

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Definitions:

Market Price

The present rate at which a service or asset is available for purchase or sale.

True Synergies

The real and achievable benefits and efficiencies gained by combining companies, processes, or systems, often cited as a justification for mergers and acquisitions.

Pre-merger Value

The market value of a company before it enters into a merger or acquisition agreement.

Post-merger Value

The total market value of a company after a merger or acquisition has been completed, often examined to assess the financial success of the transaction.