On a December Day, the Probability of Snow Is

question 46

Multiple Choice

On a December day, the probability of snow is .30. The probability of a "cold" day is .50. The probability of snow and a "cold" day is .15. Are snow and "cold" weather independent events?

• A) only if given that it snowed
• B) no
• C) yes
• D) only when they are also mutually exclusive

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Definitions:

Top-Level Manager

High-ranking executives responsible for the overall strategic direction and success of an organization, such as CEOs and CFOs.

North America

North America is a continent entirely within the Northern Hemisphere and almost all within the Western Hemisphere; it is composed of countries including but not limited to the United States, Canada, and Mexico.

Scenario Planning

A strategic planning method that organizations use to make flexible long-term plans, based on envisioning various future scenarios.

Contingency Planning

The process of preparing for unforeseen events or emergencies in business operations.