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:

Trade Magazine Subscription

The cost incurred by a business for subscribing to a publication that targets a specific industry or professional field.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was placed in service.

Liability Accounts

Accounts on the balance sheet that represent obligations of the company, including loans, accounts payable, mortgages, and accrued expenses.

Expired Insurance

The portion of an insurance premium that has been used up during the term of the policy and is therefore no longer in effect.