If Two Events (A,B)are Not Mutually Exclusive, What Is the Probability

question 112

Short Answer

If two events (A,B)are not mutually exclusive, what is the probability of event A or event B occurring?

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Definitions:

Net Income

The net income that a company earns, calculated by deducting all expenses and taxes from the total revenue.

Net Sales

The total revenue from sales transactions after deducting returns, allowances for damaged or missing goods, and discounts.

Return on Total Assets

A financial ratio that measures a company's efficiency in generating profit from its assets, calculated by dividing net income by total assets.

Net Income

Refers to the profit that remains after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from total revenues.