In a Study Conducted for a Local Union,30% of the Employees

question 59

Multiple Choice

In a study conducted for a local union,30% of the employees who became unemployed in the last year did so because they were laid off.Assume that we randomly select 10 employees who have recently left their position.Find the probability that exactly 4 of them were laid off.

• A)3000
• B)2668
• C)2001
• D)0090
• E)0009

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Definitions:

Repurchasing

The act of a company buying back its own shares from shareholders, reducing the amount of stock available on the open market.

Statement of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows and outflows a company receives from its operating, investing, and financing activities.

Operating Activities

Activities that relate to the core operations of a company, including production, sales, and delivery of the company's products and services.

Investing Activities

Financial transactions related to acquiring or disposing of long-term assets and investments, often reflected in the cash flow statement.