Which of the Following BEST Addresses the Addition Rule of Probability

question 101

Multiple Choice

Which of the following BEST addresses the addition rule of probability?

• A) What are the chances my checkout line in the grocery store will be the slowest?
• B) Am I more likely to be in an automobile accident or a plane crash?
• C) What is the likelihood of talking a policeman out of giving you a speeding ticket?
• D) What are my chances of my test score being in the top third of the class?

---

Definitions:

Share Price

The current price at which a share of stock can be bought or sold.

Equity Method

An accounting technique used to record investments in other companies, where the investment is initially recorded at cost and subsequently adjusted for the investor's share of the investee's profits or losses.

Revaluation

The process of adjusting the book value of an asset to reflect its current fair market value.

Journal Entries

Records of financial transactions in the accounting system of a business, ensuring all financial transactions are accounted for.