Suppose You Are in a Class of 20 Students and the Instructor

question 56

Multiple Choice

Suppose you are in a class of 20 students and the instructor randomly calls on two students to give reports.What is the probability that you will be called?

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Definitions:

Predetermined Rate

A fixed charge, wage, or value established in advance for transactions, services, or labor, often based on standard criteria or prior agreements.

U.S. Treasury Bills

Short-term government securities with maturities ranging from a few days to 52 weeks, sold at a discount from their face value.

Money Purchase Plan

A type of defined-contribution retirement plan in which the employer's annual contributions are fixed and determined by formula.