If Two Events Are Independent, We Can ________ Their Probabilities

question 97

Multiple Choice

If two events are independent, we can ________ their probabilities to determine the intersection probability.

• A) divide
• B) add
• C) multiply
• D) subtract

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Definitions:

Franchising

A licensing agreement where a franchisor grants a franchisee the right to use its brand, products, and operational model in exchange for a fee.

Greenfield Investment

A form of foreign direct investment where a parent company builds its operations in a foreign country from the ground up.

Licensing

The granting of permission by an authority or company to an individual or another company to engage in a certain activity or to use a certain product.

Exporting

The act of selling products or services produced in one country to buyers in other countries.