Which of the Following Statements Is Always Correct

question 71

Multiple Choice

Which of the following statements is always correct?

• A) P(A and B)= P(A)* P(B)
• B) P(A or B)= P(A)+ P(B)
• C) P(A)= 1 - P(A^c)
• D) None of these choices.

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Definitions:

Gross Margin

The difference between revenue and cost of goods sold, which represents the total profit before deducting operating expenses.

Net Amounts

The remaining values after all deductions, such as discounts or expenses, have been made.

Discounts Lost

Costs incurred by a company for not taking advantage of purchase discounts offered by suppliers or creditors.

Late Payments

Late payments are amounts due that are not paid by their due date, often resulting in additional charges or penalties.