There Are 10 AAA Batteries in a Box and 3

question 82

Multiple Choice

There are 10 AAA batteries in a box and 3 are defective. Two batteries are selected without replacement. What is the probability of selecting a defective battery followed by another defective battery?

• A) ½ or 0.50
• B) ¼ or 0.25
• C) 1/120 or about 0.0083
• D) 1/15 or about 0.07

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Definitions:

Factoring Accounts Receivable

A financial transaction where a business sells its accounts receivable to a third party at a discount to immediately raise cash.

Commercial Paper

An unsecured, short-term debt instrument used by corporations to finance their immediate needs.

Accounts Payable

Obligations or debts that a company owes to its suppliers or creditors for goods or services received that have not yet been paid for.

Shortage Cost

Costs incurred when the demand for a product exceeds the supply, often involving lost sales or the urgency of obtaining additional resources at a higher cost.