If a Ball Is Selected at Random from an Urn

question 90

Multiple Choice

If a ball is selected at random from an urn containing two red balls, three white balls, and five blue balls, what is the probability that it will be a white ball?

• A) The probability is 0.31
• B) The probability is 0.33
• C) The probability is 0.30
• D) The probability is 0.32

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Definitions:

Dividends

Money disbursed by a firm to its stock owners, often as a share of profits.

Noncumulative Preferred Stock

Type of preferred stock that does not give the holder the right to claim dividends missed in the past.

Preferred Dividends

Regular payments made to preferred shareholders out of the company's profits before any dividends are paid to common shareholders.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, assigning more weight to some numbers and less to others.