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ProbabilityA grab bag contains 10 $1 prizes, 7 $5 prizes, and 5 $20 prizes. Three prizes are chosen at random. Find the following probabilities.
The probability that exactly two $20 prizes are chosen is(Round to nearest thousandth as needed)
The probability that one of each prize is chosen is(Round to nearest thousandth as needed)
The probability that at least on $20 prize is chosen is(Round to nearest thousandth as needed)
The probability that no $1 prizes are chosen is(Round to nearest thousandth as needed)
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Evergreen Fertilizer Company produces fertilizer. The company’s fixed monthly cost is USD 25,000, and its variable cost per pound of fertilizer is USD 0.15. Evergreen sells the fertilizer for USD 0.40 per pound. Calculate the monthly break even volum..
Find the probability that the first card is a king and the second card is a queen.
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