In a Report on High School Graduation,it Was Stated That

question 64

Multiple Choice

In a report on high school graduation,it was stated that 85% of high school students graduate.Suppose 3 high school students are randomly selected from different schools. What is the probability that exactly one of the three graduates?

• A)0.019
• B)0.003
• C)0.614
• D)0.057
• E)0.850

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Definitions:

Loan

Borrowed money that is expected to be paid back with interest to the lender, according to agreed terms and conditions.

Economic Profits

The difference between total revenues and total costs, including both explicit and implicit costs, representing profits exceeding the opportunity costs of all resources used by a firm.

Accounting Profits

The net income of a company as calculated by subtracting total expenses from total revenues, in accordance with accounting principles.

Negative

A term used to describe values or balances that are less than zero, often used in financial contexts.