A population of 10 items contains 3 that are red and 7 that are green. What is the probability that in a random sample of 3 items selected without replacement, 2 red and 1 green items are selected?

A sampling procedure in which each element of the population has a fixed probabilistic chance of being selected for the sample is called probability sampling

Indicate whether the statement is true or false

Which alternative below is not true of current consumption?

A) It refers to goods and services used in the current time period. B) Generally, more of it leads to greater levels of satisfaction. C) It can increase through current borrowing. D) It is usually less desirable than future consumption.