If Events a and B Are Mutually Exclusive and Collectively

question 60

Multiple Choice

If events A and B are mutually exclusive and collectively exhaustive,what is the probability that event A occurs?

• A)0.
• B)0.50.
• C)1.00.
• D)Cannot be determined from the information given.

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Definitions:

Common Stock

Stock whose owners have voting rights in the corporation, yet do not receive preferential treatment regarding dividends.

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically used for the financing of payroll, accounts payable, inventories, and meeting other short-term liabilities.