Two Events Are Independent If

question 27

Multiple Choice

Two events are independent if

• A)the two events occur at the same time.
• B)the probability of one or both events is greater than 1.
• C)the probability of each event is not affected by the other.
• D)none of these.

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Definitions:

Surplus

The situation in which the quantity of a good or service supplied exceeds the quantity demanded.

Job Searching

The process by which individuals seek and find employment opportunities.

Unemployment Insurance Benefits

Payments made by the government to unemployed workers who meet eligibility requirements, designed to provide temporary financial assistance.

Unemployment Rate

The percentage of actively job-seeking, unemployed individuals within the labor force.