Given Two Events, a and B, If the Probability of Either

question 39

True/False

Given two events, A and B, if the probability of either A or B occurring is 0.6, then the probability of neither A nor B occurring is -0.6.

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Definitions:

Average Sale Period

The average sale period is a financial metric indicating the average time taken to convert inventory into sales, also known as the inventory turnover period.

Balance Sheet

An accounting document that outlines a business's resources, debts, and stakeholders' equity at a designated time.

Sales On Account

Sales made on credit, where the buyer is allowed to pay at a later date.

Cost Of Goods Sold

The direct expenses incurred in the production process of goods a company retails, consisting of materials and labor.