A Small Business Customer Slips on a Wet Floor (Due

question 128

Multiple Choice

A small business customer slips on a wet floor (due to a slow water leak) ,falls and breaks an arm.Damages that could potentially be awarded to the customer might include:

• A)economic since the customer has a loss of physical abilities.
• B)noneconomic since the customer has medical bills.
• C)punitive due to the leak.
• D)compensatory to cover the cost of repairing the leak.

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Definitions:

Conditional Probability

The probability of one event occurring with some relationship to one or more other events.

P(A|B)

The probability of event A occurring given that event B has already occurred, representing a conditional probability.

Complement

In probability theory, the complement of an event is the set of all outcomes in the sample space that are not included in the event itself.

Independent

In statistical analysis, this term describes variables that are not affected by changes in other variables.