Exhibit 5-10 The Probability That Pete Will Catch Fish on a Particular

question 28

Multiple Choice

Exhibit 5-10
The probability that Pete will catch fish on a particular day when he goes fishing is 0.8. Pete is going fishing 3 days next week.
-Refer to Exhibit 5-10. The probability that Pete will catch fish on exactly one day is

• A).008
• B).096
• C).104
• D).8

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Definitions:

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by all parties involved in order to be enforceable.

Oral Contract

A verbal agreement between parties that is legally binding, though not in written form.

Enforceable

Capable of being imposed or upheld by legal process or action.

Lifetime Employment

A job guarantee in which an employee can expect to remain employed in their position for their entire working life.