Which of the Following Best Describes the Concept of Probability

question 63

Multiple Choice

Which of the following best describes the concept of probability?

• A)It is a measure of the likelihood that a particular event will occur.
• B)It is a measure of the likelihood that a particular event will occur,given that another event has already occurred.
• C)It is a measure of the likelihood of the simultaneous occurrence of two or more events.
• D)None of these choices describe the concept of probability.

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Definitions:

Foreign Corporation

A corporation incorporated in one state doing business in another state. See also alien corporation.

Conditional Indorsements

Endorsements made on a negotiable instrument that specify certain conditions that must be met before the endorsement is considered valid.

Effective

Producing a desired or intended result, often used in contexts relating to efficiency, productivity, or the power to produce a specified effect.

Payee

The individual or entity to whom a payment is directed or owed.