1. There are 50 products, 3 of which are defects. What is the probability of 2nd product being defective when you randomly pick three products without replacement?
AWA:
In a business analysis by a consultant to the owners of Benton Bugle (B.B.), a small-town newspaper:
Many small-town newspapers are facing financial trouble with declining readers. However, the strategy of national media outlets decreasing advertising fees and reducing subscription rate brings more readers and more revenue. Therefore, B.B. should consider reducing the advertising fee and subscription rate in order to increase revenue and thus save the business.