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:

Compounding Interval

The frequency with which interest is added to the principal balance of an investment.

Monthly Compounded

Monthly compounded refers to the process of calculating interest on a principal amount where the interest is added to the principal at the end of each month, thereby earning interest on interest in subsequent months.

Effective Rate

The interest rate on a loan or investment, adjusted for the effect of compounding.

Interest Rate

The rate at which a borrower is charged interest for the money borrowed from a lender.