If Two Equally Likely Events a and B Are Mutually

question 48

Multiple Choice

If two equally likely events A and B are mutually exclusive and collectively exhaustive, what is the probability that event A occurs?

• A) 0
• B) 1.00
• C) 0.50
• D) cannot be determined from the information given

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Definitions:

Uniform Simultaneous Death Act

A legal guideline used to determine the distribution of property when two or more individuals die at the same time with no clear evidence of who died first.

Insurance Proceeds

The money that an insurance company pays out to a policyholder in the event of a covered loss or claim.

Intestate Succession

The process by which property is distributed by law when a person dies without a valid will, determining heirs based on their relationship to the deceased.

Testamentary Trust

A trust that is created by a will.