Marginal Probability Is the Probability That a Given Event Will

question 229

True/False

Marginal probability is the probability that a given event will occur,with no other events taken into consideration.

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Definitions:

Legal Structure

The legal organization of a company, determining its legal personality, liability, and taxation methods. Examples include sole proprietorship, partnership, corporation, and LLC.

C Corporation

A business structure where the company is taxed separately from its owners, offering limited liability protection to its shareholders.

Legally Liable

The state of being legally responsible for something, typically involving a financial or other obligation.

Sole Proprietorship

A business structure where a single individual owns, manages, and is responsible for all aspects of the business.