Financial Shape In Exercises 4548, use the pie chart, which shows how U.S. adults rate

Problem 46

Financial Shape. In Exercises 45-48, use the pie chart, which shows how U.S. adults rate their financial shape. (Source: Pew Research Center)

You choose 10 people at random from a group of 1200. What is the probability that all 10 would rate their financial shape as poor? (Make the assumption that the 1200 people are represented by the pie chart.)

                                                              Step by Step Solution

Step 1 of 2

The number of permutations of n distinct objects taken r at a time, ie;

The number of combinations of r objects selected from a group of n objects without regard to order, ie;