What Does It Mean If Something Has a Probability of 0

question 53

Multiple Choice

What does it mean if something has a probability of 0?

• A)It is very unlikely to occur.
• B)It is very likely to occur.
• C)It must occur.
• D)It cannot occur.
• E)We have no information about whether or not it will occur.

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Definitions:

Investment Account

An account held at a financial institution and managed by an investment dealer that contains securities, cash, or other assets for investment purposes.

Book Value

The value of a company or asset as it appears on the balance sheet, calculated by subtracting liabilities from assets.

Fair Value

Fair value is the estimated price at which an asset could be bought or sold in a current transaction between willing parties, apart from in a liquidation sale.

Depreciable Assets

assets that lose value over time due to wear and tear, deterioration, or obsolescence, which businesses can write off as an expense over the asset's useful life.