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Exhibit 5-18

question 29

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Exhibit 5-18.There are currently 18 pit bulls at the pound.Of the 18 pit bulls,four have attacked another dog in the last year.Joe,a member of the staff,randomly selects six of the pit bulls for his group. Refer to Exhibit 5-18.What is the probability that at least one of the pit bulls in Joe's group attacked another dog last year?


Definitions:

Gross Profit

The difference between revenue and the cost of goods sold before accounting for other expenses.

Intra-Entity Sales

Transactions of goods, services, or assets between divisions within the same organization.

Significant Influence

The capacity to affect the financial and operating policies of another entity without having control or full ownership, often through ownership of a sizable percentage of voting shares.

Net Income

The net profit figure for a company, achieved by subtracting all operational costs and tax liabilities from its revenue.

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