Choose the Word or Phrase in [ ] Which Will

question 104

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Individuals would not trade among themselves in [a closed-end | an open-end] investment company.

Understand the concept and difference between an event and an outcome.

Recognize how to identify favorable outcomes and their significance in probability.

Describe and differentiate between various methods for establishing probabilities.

Comprehend the meaning and implications of probabilities valued at 1 and 0.