Consider the Following to Answer the Question(s) Below

question 29

Multiple Choice

Consider the following to answer the question(s) below:
During its grand opening week, Stickler's bicycle shop offers a "wheel of discount savings." After customers select the items they wish to purchase, they spin the wheel to determine the discount they will receive. The wheel is divided into 12 slices. Six slices are red and award a 10% discount, three slices are white and award a 20% discount, and two slices are blue and award a 40% discount. The remaining slice is gold and awards a 100% discount!
-The probability that two customers in a row get a 20% discount is

• A) 3/12.
• B) 2/12.
• C) 0.0625.
• D) 9/12.
• E) 10/12.

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Definitions:

Bad Faith

Dishonest dealing, failing to meet obligations, or violating standards of honesty in transactions.

Breach Of An Insurance Contract

The failure by either the insurer or the insured to fulfill their contractual obligations under the terms of an insurance policy.

Punitive Damages

Financial compensation awarded to a plaintiff beyond actual damages to punish the defendant for egregious behavior.

Legal Malpractice Insurance

Insurance that provides coverage to attorneys and law firms for claims made against them by clients and third parties for negligence and errors in the provision of legal services.