If Two Events Are Mutually Exclusive and Collectively Exhaustive,what Is

question 52

Multiple Choice

If two events are mutually exclusive and collectively exhaustive,what is the probability that both occur?

• A)0.
• B)0.50.
• C)1.00.
• D)Cannot be determined from the information given.

---

Definitions:

Check

A written, dated, and signed instrument that contains an unconditional order from the drawer that directs a bank to pay a definite sum of money to a payee.

Salaries

Regular payments made to employees for their labor or service, typically expressed as an annual amount but often paid on a monthly or bi-weekly basis.

Adjusting Journal Entry

An accounting record entered at the closing of a financial period to distribute profits and losses to the correct period.

Five-Day Week

A work schedule that typically consists of five eight-hour days, totaling 40 hours, usually from Monday to Friday.