The Probability of the Occurrence of Event a in an Experiment

question 56

Multiple Choice

The probability of the occurrence of event A in an experiment is 1/3. If the experiment is performed 2 times and event A did not occur, then on the third trial event A

• A) must occur.
• B) may occur.
• C) could not occur.
• D) has a 2/3 probability of occurring.

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Definitions:

Product Life Cycle

The sequence of stages that a product goes through from introduction, growth, maturity, to decline, which affects the marketing strategy and the marketing mix.

Major Losses

Refers to significant financial, operational, or reputational damages or setbacks experienced by an organization or individual.

Situation Assessment

A comprehensive evaluation of an organization's current state, analyzing both internal and external environments to inform strategic decisions.

Defining Market

The process of identifying and understanding the specific market or audience a business aims to serve.