An Urn Contains 12 Balls, Five of Which Are Red

question 56

Multiple Choice

An urn contains 12 balls, five of which are red. Selection of a red ball is desired and is therefore considered to be a success. If three balls are selected, what is the expected value of the distribution of the number of selected red balls?

• A) 0.4167
• B) 0.8333
• C) 0.5833
• D) 1.2500

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Definitions:

Product Innovations

Innovations that result in new or improved goods or services.

Economic Conditions

The state of the economy at a given time, which includes factors like inflation, unemployment rates, and GDP growth.

Severe Recession

An intense period of economic decline characterized by significant reductions in GDP, high unemployment, and contracting business activities.

Economic Condition

The state of an economy at a given time, including factors such as growth rate, inflation, employment levels, and overall economic health.