The Probability of a Positive Cumulative Net Profit in the ________

question 78

Multiple Choice

The probability of a positive cumulative net profit in the ________ year is approximately 88%.

• A)fourth
• B)fifth
• C)third
• D)second

---

Definitions:

Utility

The total satisfaction or benefit that a consumer derives from consuming a product or service.

Probability

The measure of the likelihood that an event will occur, ranging from 0 (impossible) to 1 (certain).

Expected Income

An estimate of the amount of money an individual or entity anticipates earning over a specified period, often used for budgeting or planning purposes.

Tuition

The fee charged for instruction or teaching, typically by a school, college, or university.