Which of the Following Statements Is Not True About Probability

question 30

Multiple Choice

Which of the following statements is not true about probability?

• A)Probability is used to measure how often random events occur.
• B)A probability of 0 means that an event will not occur, and a probability of 1 means that an event is certain to occur.
• C)Probabilities are always numbers between 0 and 1 inclusive.
• D)All of these are true statements

Understand and calculate break-even points in units and dollars.

Apply fixed and variable cost concepts to determine required sales for targeted net income.

Analyze the effects of capacity utilization on net income and break-even points.

Determine the contribution margin and its importance in pricing and profitability analysis.

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Definitions:

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A potent disinfectant and sterilizing agent used especially in medical equipment.

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