If a and B Are Independent Events with P(A) =

question 24

Multiple Choice

If A and B are independent events with P(A) = 0.5 and P(A ∩ B) = 0.12, then, P(B) =

• A) 0.240.
• B) 0.060.
• C) 0.380.
• D) 0.620.

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Definitions:

Total Assets

The sum of all current and long-term assets owned by a company, as represented on its balance sheet, indicating the resources it has at its disposal.

Inventory Turnover Ratio

Cost of goods sold as a multiple of average inventory.

Financial Statements

Documents that provide an overview of a company's financial condition, including balance sheet, income statement, and cash flow statement.

Market-To-Book Value

A ratio comparing a company's current market price to its book value, used to evaluate whether a stock is over or undervalued.