Conditional Probability Is the Probability of ________

question 90

Multiple Choice

Conditional probability is the probability of ________.

• A)the occurrence of one event given that another event has already occurred
• B)the occurrence of two events that are mutually exclusive
• C)the occurrence of the complement of an event
• D)two events occurring at the same time

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Definitions:

Regressive Tax

A tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases, disproportionately affecting those with lower incomes.

Benefits Tax

A taxation principle where taxes are levied according to the benefits received by the taxpayer.

Proportional

Characterized by a constant ratio or relation in degree or number between two or more quantities; directly comparative in size, degree, or amount.

Progressive

Pertaining to a tax system where the tax rate increases as the taxable base amount increases, often aimed at ensuring fairness in taxation.