You Are Given the Following Information on Events A, B

question 16

Short Answer

You are given the following information on Events A, B, C, and D.
PA) = .4 PA ⋃ D) = .6
PB) = .2 PA | B) = .3
PC) = .1 PA ∩ C) = .04 PA ∩ D) = .03
a. Compute PD).
b. Compute PA ∩ B).
c. Compute PA | C).
d. Compute the probability of the complement of C.
e. Are A and B mutually exclusive? Explain your answer.
f. Are A and B independent? Explain your answer.
g. Are A and C mutually exclusive? Explain your answer.
h. Are A and C independent? Explain your answer.

Understand the concept of acceptance in contract law, including the necessity of assent by the offeree to the proposal by the offeror.

Recognize the specifics and exceptions related to methods and timing of acceptance under different legal standards.

Distinguish between bilateral and unilateral contracts in terms of offer acceptance requirements.

Identify legal standings on whether silence or actions unrelated to the offer can signify acceptance.