The Probability of the Occurrence of Event a in an Experiment

question 44

Multiple Choice

The probability of the occurrence of event A in an experiment is 1/3. If the experiment is performed two 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:

Product Development

The creation of new products or improvements to existing products to meet customer needs or market opportunities.

Activity Rate

The predetermined overhead rate used in activity-based costing to allocate overhead costs to cost objects based on their usage of activities.

Engineering Change

A modification to a product’s design, production process, or materials, usually made to improve functionality or to reduce costs.

Allocation Base

A criterion or standard used to distribute overhead costs among various cost objects.