If You Randomly Select a Committee of Two from a Group

question 54

Multiple Choice

If you randomly select a committee of two from a group of two men and two women, what is the probability that the group is all female?

• A) 1/2
• B) 1/4
• C) 1/6
• D) 1/12

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Definitions:

Adverse Selection

A situation in insurance and finance where those with higher risks are more likely to seek insurance or loans, leading to an imbalanced pool that can raise costs for insurers or lenders.

High-Quality Used Car

A pre-owned vehicle that has been maintained well and often includes features of newer models, indicating low mileage and minimal wear.

Warranty

A guarantee provided by a seller or manufacturer concerning the condition of a product and the promise of repair or replacement within a specified period.

Deductible

The amount an insured individual must pay out of pocket before an insurance company pays a claim.