Two Events a and B Are Said to Be Independent

question 42

True/False

Two events A and B are said to be independent if P(A)= P(A|B).

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Definitions:

Total Revenue

The full amount of income generated by the sale of goods or services before any costs or expenses are deducted.

Net Income

The total earnings of a company or individual after deducting expenses, taxes, and deductions.

Gross Profit

The financial difference between revenue and the cost of goods sold (COGS), indicating the efficiency of a business in managing its direct costs.

Cost of Goods Sold

An accounting term representing the direct costs attributable to the production of the goods sold by a company.