Suppose That Your Company Is Sending Invitations to Its 50

question 66

Multiple Choice

Suppose that your company is sending invitations to its 50 most important clients for an end-of-the-year event where a new product will be exhibited.These are printed invitation cards mailed through USPS, and each card is personalized with the name of the corresponding client.You realize that the cards have been accidentally shuffled before placing them in the envelopes.What is the probability that only one card is in the wrong envelope?

• A)0.02
• B)0.15
• C)0.10
• D)0.05
• E)0.00

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Definitions:

Participation Rights

Rights granting holders the ability to participate in certain financial benefits or distributions, often found in preferred shares or venture capital deals.

Decision-Making Authority

The power or right vested in individuals or groups to make important decisions that affect the operations, strategies, or policies of an organization.

Guaranteed Annual Dividend

A promise by a company to pay shareholders a minimum dividend each year.

Market Rate

The Market Rate is the prevailing interest rate or cost of borrowing in the open market, influencing loans, mortgages, and investment returns.