Which Statement Is True About Mutually Exclusive Events

question 4

Multiple Choice

Which statement is true about mutually exclusive events?

• A)If events A and B cannot occur at the same time, they are called mutually exclusive.
• B)If either event A or event B must occur, they are called mutually exclusive.
• C)P(A) + P(B) = 1 for any events A and B that are mutually exclusive.
• D)None of these are correct.

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Definitions:

Fiduciary Mode

An ethical and legal relationship of trust where an individual or entity acts on behalf of another person or people with their best interest in priority.

Stewardship

The act of managing or looking after another's property, finances, or affairs responsibly and ethically, often used in contexts of environmental conservation and nonprofit management.

Organization's Assets

The total resources owned by an organization, including physical items, financial resources, and intangible items like goodwill and intellectual property.

Nonprofit's Mission

The foundational statement that guides a nonprofit organization's objectives, strategies, and actions, outlining its purpose and the community or cause it serves.