The Addition Rule of Probability Relates to ______

question 76

Multiple Choice

The addition rule of probability relates to ______.

• A) the combined probabilities of mutually exclusive outcomes
• B) the fact that the probability of an outcome is a number between 0 and 1.00
• C) how researchers state the null and alternative hypotheses
• D) determining the number of ways a particular outcome may occur

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Definitions:

Marketability

The ease with which a product or service can be sold in the market due to its demand, utility, and competitive pricing.

Instruments

Legal or formal documents such as contracts, wills, or deeds that establish rights, duties, or agreements.

Time Instrument

A type of draft that allows the payee to collect payment only at a specific time in the future.

Overdue

The state of being delayed beyond the expected or usual time.