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:

Agent

A person authorized to act on behalf of another, known as the principal, in business transactions or other matters.

Stop Payment Order

A request made to a financial institution to cancel or halt the processing of a check or payment transaction.

Competitive Equality Banking Act

A U.S. law aimed at promoting competition among banks and equalizing regulatory standards across different types of banking institutions.

Nonlocal Check

A check written on an account at a bank which is located outside the local check-processing region of the bank at which it is deposited.