The Addition Rule of Probability States ______

question 69

Multiple Choice

The addition rule of probability states ______.

• A) there are a number of ways an outcome can occur
• B) the combined probability of mutually exclusive outcomes is the sum of their individual probabilities
• C) the sum of the probabilities of all possible outcomes of an event equals 1.00
• D) the outcome equals the number of ways the outcome can occur divided by the total possible outcomes

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Definitions:

Advertising Rates

The cost associated with placing advertisements in various media channels like television, radio, print, or online.

Television Viewership

The number of viewers or audience size that watch television programming at a given time.

Mystery Shoppers

Individuals hired to pose as customers and evaluate the quality of service, product, and environment of retail stores or other businesses.

Quality

The degree to which a product, service, or process meets or exceeds customer expectations or standards.