Two Events, a and B, Are Mutually Exclusive and Each

question 105

Multiple Choice

Two events, A and B, are mutually exclusive and each have a nonzero probability. If event A is known to occur, the probability of the occurrence of event B is

• A)one
• B)any positive value
• C)zero
• D)any value between 0 to 1

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Definitions:

Operating Activities

Transactions and other events related to the core business operations of a company, including revenue and expense transactions that affect the net income.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments not included in cash equivalents.

Net Cash Flow

The difference between a company's cash inflows and outflows in a given period.

Quality of Income Ratio

A metric that measures the proportion of income that comes from core business operations, indicating the reliability of a company's earnings.