You Have Three Jars of Gumballs $\textbf{ at least one white gumball? }$

question 47

Multiple Choice

You have three jars of gumballs.The first jar has 100 white gumballs and 25 green,the second jar has 50 white and 150 blue,and the third jar contains 500 white and 10 red. If you randomly draw one gumball from each jar,what is the probability for $\textbf{ at least one white gumball? }$

• A)0)997 or 99.7%
• B)0)85 or 85%
• C)0)69 or 69 %
• D)0)034 or 3.4%
• E)This is impossible (0% chance).

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Definitions:

Financial Markets

Financial markets are platforms where individuals and entities can trade financial securities, commodities, and other fungible items of value at low transaction costs and at prices reflective of supply and demand.

NPV Projects

Projects that are evaluated based on the Net Present Value method, helping in deciding whether they contribute positively to the company's value.

Soft Rationing

Refers to the internal limitations set by a company on the funds allocated for capital projects, despite having a strong financial position.

Hard Rationing

A situation in corporate finance where there is a strict limit on the amount of new equity a company can issue.