If the CEO of Apple Wanted to Know the Probability

question 58

Multiple Choice

If the CEO of Apple wanted to know the probability that if someone owned an Apple computer, they would also own a different brand computer, this would be an example of a __________ probability.

• A)conditional
• B)marginal
• C)joint
• D)non-joint
• E)union

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Definitions:

Accounts Payable

Accounts payable are liabilities of a business that represent its obligations to pay off a short-term debt to its creditors or suppliers.

Service Revenue

The income earned by a company for the services it has provided to its customers.

Normal Starting Balance

Normal Starting Balance refers to the initial amount of money in an account at the beginning of a financial period.

Debit Postings

Entries made on the left side of an account, increasing the balance of assets and expenses or decreasing liabilities and equity.