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:

Capital Investment

Funds invested in a business or project with the expectation of generating income or profit over the long term.

Sunk Costs

Expenses that have already been incurred and cannot be recovered or refunded.

Capital Investment

Funds invested in a business or enterprise with the intention of furthering its business objectives.

Capital Budgeting

The process of evaluating and selecting long-term investments compatible with the firm's goal of wealth maximization.