Which of the Following Is Not a Legitimate Probability Value

question 76

Multiple Choice

Which of the following is not a legitimate probability value?

• A)0.87
• B)12/13
• C)0.05
• D)5/4
• E)0.93

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Definitions:

Budgeted Production

The quantity of products a company plans to produce over a specific period, based on forecasted sales and inventory levels.

Materials Needed

The raw goods and components required for the manufacturing or production of products.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, often used for managing liquidity and ensuring financial stability.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value over time.