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Historically, 2 Percent of the Stray Dogs in Southfield Are

question 45

Multiple Choice

Historically, 2 percent of the stray dogs in Southfield are unlicensed. On a randomly chosen day, the Southfield city animal control officer picks up seven stray dogs. What is the probability that fewer than two will be unlicensed?


Definitions:

Asset

An economic resource owned or controlled by an individual or business, expected to provide future benefits.

Liability

Any financial debt or obligation that a company owes, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Owner's Equity

The residual interest in the assets of a business after deducting liabilities, representing the ownership interest of shareholders in a company.

Balance Sheet

A financial statement that presents a company’s financial position, showing assets, liabilities, and equity at a specific point in time.

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