Which of the Following Statements Is Always Correct

question 9

Short Answer

Which of the following statements is always correct? $$\begin{array} { l l } \text { A. } & P ( A \frown B ) = P ( A ) \times P ( B ) \\\hline \text { B. } & P ( A \cup B ) = P ( A ) + P ( B ) \\\hline \text { C. } & P ( A \cup B ) = P ( A ) + P ( B ) + P ( A \frown B ) \\\hline \text { D. } & P ( A ) = 1 - P ( A ) \\\hline\end{array}$$

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Definitions:

Fixed Costs

Expenses that do not fluctuate with changes in production level or sales volume.

Sales

Transactions between a seller and a buyer where the seller provides goods, services, or assets in exchange for money or other compensation.

Break-even Point

The point at which total cost and total revenue are equal, meaning no net loss or gain, and one has "broken even".

Mixed Cost

A type of cost that contains both fixed and variable components and changes in total with the level of activity.