In Decision Trees,probabilities Are Listed on Probability Branches

question 48

Multiple Choice

In decision trees,probabilities are listed on probability branches.These probabilities are _____ events that have already been observed.

• A)marginal due to
• B)conditional on
• C)averaged with
• D)increased by

Distinguish between the types of funds within an NFPO and the reporting requirements for each.

Recognize correct accounting treatments for capital assets, including capitalization, amortization, and exemption conditions.

Understand the criteria for recording bequests and donations and their impact on financial statements.

Identify the different financial statements required by not-for-profit organizations and the unique components of each.

---

Definitions:

Probability Assignment Rule

A principle that assigns probabilities to outcomes of a random experiment, ensuring the sum of the probabilities equals one.

Total Probability Rule

A fundamental rule in probability theory that allows for the calculation of the total probability of an outcome by considering all possible ways that outcome can occur.

Law of Large Numbers

A statistical principle that states that as a sample size grows, its mean gets closer to the average of the whole population.

Blood Type

A method of classifying blood by examining the presence or lack of certain inherited antigenic substances on red blood cell exteriors.