A local paint store carries 4 brands of paint (W, X, Y, and Z). The store has 5 cans of W, 3 cans of X, 6 cans of Y, and 15 cans of Z, all in white. It is thought that customers have no preference for one of these brands over another
If this is the case, what is the probability that the next 5 customers will select 1 can of W, X, Y and 2 cans of brand Z?A) About .23
B) Approximately .08
C) Over .30
D) 0.25
B
You might also like to view...
Which of the following refers to a defense to negligence that consists of proving that the plaintiff did not exercise the ordinary degree of care to protect against an unreasonable risk of harm and that this failure directly results in causing the
plaintiff's harm? A) negligence per se B) contributory negligence C) comparative negligence D) res ipsa loquitur
An efficient market is one where ________
A) prices of stocks move up and down widely without apparent reason B) prices of stocks remain low for long periods of time C) prices of stocks are unaffected by market news D) the price of a security is an unbiased estimate of its true value