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A Quiz Contains Four Multiple-Choice Problems

question 93

Essay

A quiz contains four multiple-choice problems.Each problem has five choices for the answer,but only one of them is correct.If a student randomly guesses the answer to each problem,find the probability that the student gets exactly three correct answers.


Definitions:

Net Working Capital

Net Working Capital is a measure of a company's short-term financial health, calculated as current assets minus current liabilities.

Present Value

The contemporary valuation of future financial inflows or a lump sum, adjusted for a specific rate of return.

Rate of Return

A measure of the gain or loss on an investment over a specified period, expressed as a percentage of the investment's initial cost.

Net Working Capital

Net Working Capital is a financial metric that calculates the difference between a company's current assets and its current liabilities, indicating the company’s short-term financial health.

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