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In a second grade class containing 13 girls and 9 boys, 2 students are selected at random to give out the math papers. What is the probability that the second student chosen is a boy, given that the first one was a girl?
Gross Profit Rate
The percentage of revenue that exceeds the cost of goods sold, indicating the efficiency of production and pricing.
Retail Method
The retail method is an accounting technique used to estimate inventory value by converting the retail price of inventory to cost based on a cost-to-retail price ratio.
Estimated Inventory
An approximate valuation of inventory, used when an exact figure cannot be easily determined.
Retail Method
An accounting procedure for estimating the value of a store's merchandise by using the cost to retail price ratio.
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