You Select One Person from a Group of Eight Males

question 38

Multiple Choice

You select one person from a group of eight males and two females.The two events "a male is selected" and "a female is selected" are

• A)independent
• B)equally likely
• C)not equally likely
• D)collectively exhaustive

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Definitions:

Capital Budgeting

Capital budgeting involves the process of deciding whether to undertake significant financial investments or expenditures, such as purchasing new equipment or investing in new projects.

Competitive Products

Goods or services offered by different firms that compete in the same market space and aim to satisfy the same consumer needs.

Net Operating Cash Flow

The amount of cash generated by a company’s normal business operations, after accounting for operating expenses and working capital changes.

Capital Cost Allowance

A tax deduction available in many jurisdictions for businesses, representing a yearly allowance for the wear and tear, deterioration, or obsolescence of the property.