A company that manufactuers small canoes has a fixed cost of $14,000. It cost $40 to produce each canoe. The selling price is $8
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There are 26 letters in the alphabet, 5 are vowels, therefore, the probability of choosing a vowel the first time is:
and the second time is:
Continuing with this reasoning, we get that the probabilities each time are:
Finally, the probability that you get all vowels is the product of the probabilities:
Writing the above result as a percentage we get:
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