If the Events a and B Are Independent, with P(A)

question 12

Short Answer

If the events A and B are independent, with P(A) = 0.30 and P(B) = 0.40, then the probability that both events will occur simultaneously is: $$\begin{array} { | l | l | } \hline \text { A. } & 0.10 . \\\hline \text { B. } & 0.12 . \\\hline \text { C. } & 0.70 \\\hline \text { D. } & 0.75 \\\hline\end{array}$$

---

Definitions:

National Supermarket Chain

A large retail chain that operates multiple supermarket locations across an entire country, offering a wide range of food and household products.

Competition-oriented Pricing

A pricing strategy where the prices are set based on competitors' prices rather than solely on production costs or consumer demand.

Private Brands

Products that are owned by a retailer or a supplier but are sold under a retailer's brand.

Penetration Pricing

A pricing strategy where the price of a product is initially set low to rapidly reach a wide fraction of the market and stimulate product adoption.