Container 1 Has 8 Items,3 of Which Are Defective

question 126

Multiple Choice

Container 1 has 8 items,3 of which are defective.Container 2 has 5 items,2 of which are defective.If one item is drawn from each container:
What is the probability that both items are not defective?

• A)0.3750
• B)0.3846
• C)0.1500
• D)0.6154
• E)0.2000

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Definitions:

Increasing Bids

A situation in an auction where participants continuously raise their bid amounts to outcompete others.

Oral Auction

A public sale where goods or property are sold to the highest bidder through spoken bids, typically led by an auctioneer.

Vickrey Auction

A sealed-bid auction where the highest bidder wins but pays the price offered by the second-highest bidder.

Sealed Bid

A bidding process where all bids are kept confidential until a specified time, ensuring fair competition and preventing bid adjustments.