A Probability Value of

question 42

Multiple Choice

A probability value of .25 means that an event will occur

• A) once out of 25 times
• B) 25 times out of 100
• C) once out of 5 times
• D) 75 times out of 100

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Definitions:

Negotiability Requirements

The specific conditions or criteria that must be met for an instrument to be considered negotiable, allowing it to be transferred freely.

Unconditional Promise

A commitment made without any stipulations or requirements for its fulfillment.

Signature

A person's name written in a distinctive way as a form of identification in authorizing a document.

EFT Transfers

Electronic Funds Transfer involves moving money from one bank account to another without the need for physical money exchange, using digital systems.