If Two Events Are Independent, Then

question 41

Multiple Choice

If two events are independent, then

• A) they must be mutually exclusive.
• B) the sum of their probabilities must be equal to one.
• C) their intersection must be zero.
• D) the product of their probabilities gives their intersection.

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Definitions:

Guarantee

A formal assurance or promise that certain conditions will be fulfilled, including products meeting specific standards or services being satisfactorily rendered.

Repossess

The act of taking back property by a seller or lender from the buyer or borrower, usually due to failure in payment.

Security Registered

Refers to financial securities that are registered with regulatory bodies and recorded in the named investor's name.

Fraudulent Conveyances Act

A law aimed at preventing the illegal transfer of property by a debtor to avoid it being claimed by creditors.