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40% of the cars in a dealer lot are red, 22% are black, and 23% are white. The remainder are some unspecified color.
Salespersons randomly shows three cars to three different customers.
What is the probability the first car shown was red, the second was black, and the third was red again?
To be clear, the first red car and the second red car may be the same car. This is called sampling with replacement.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
This report is specific for a core understanding for Financial Accounting and its relevant factors.
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