If a and B Are Mutually Exclusive Events with P(A)=

question 65

Multiple Choice

If A and B are mutually exclusive events with P(A) = 0.70,then P(B)

• A)can be any value between 0 and 1.
• B)can be any value between 0 and 0.70.
• C)cannot be larger than 0.30.
• D)can be any value between 0.30 and 0.70.

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Definitions:

Perpetuity

A type of annuity that pays an infinite series of cash flows, with no end date.

Rate Of Return

Earnings or losses experienced by an investment within a chosen period, measured as a percentage of the investment’s purchase cost.

Heirs

Individuals legally entitled to inherit a deceased person's assets.

Rate Of Return

Fluctuations in the value of an investment during a pre-defined period, calculated as a percentage of the investment’s commencement cost.