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:

Discount Date

The specified date when a discount is available, often used in the context of payment terms to encourage early payment.

Due Date

The specified date by which a payment must be made, or a task must be completed.

Cash Discount

An incentive offered for the early payment of an invoice or bill, reducing the amount owed.

Complement Rate

The percentage subtracted from 100% to find the remaining portion of a rate, often used in insurance and finance to determine net rates.