If an Event Can Occur Once Out of 20 Times

question 39

Multiple Choice

If an event can occur once out of 20 times, its probability value is

• A) .20
• B) .80
• C) .95
• D) .05

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Definitions:

Inventory Turnover

A financial ratio that measures how many times a company has sold and replaced its inventory over a certain period of time.

Decimal Place

Refers to the position or number of digits to the right of the decimal point in a decimal number, indicating a part of a whole in fractional terms.

Working Capital

The difference between a company’s current assets and current liabilities, indicating its short-term financial health and operational efficiency.

Current Year

The ongoing year or the present calendar year in which transactions or activities are being accounted for.