Is It Possible to Find the Probability of the Disjunction

question 24

Multiple Choice

Is it possible to find the probability of the disjunction of more than two events?

• A)Yes, but only if the events are compatible.
• B)Yes, but only if the events are mutually exclusive.
• C)Yes, for any number of events.
• D)No, since the third event will always be mutually exclusive with one of the first two.
• E)No, since the third event might be completely irrelevant to the first two.

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Definitions:

Opt Out

The act of choosing not to participate in an activity, service, or agreement, often referring to the decision by an individual or organization to not conform to a standard, policy, or regulation.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service and the actual amount they receive, due to higher market prices.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that sellers are willing to supply.

Demand Curve

A line on a graph that illustrates the quantity of a product that consumers are willing and able to purchase at various price points.