Ultramega Company Collected $19,600 in May of 2018 for 4

question 33

Multiple Choice

Ultramega Company collected $19,600 in May of 2018 for 4 months of service which would take place from October of 2018 through January of 2019. The revenue reported from this transaction during 2018 would be

• A) 0.
• B) $4,900.
• C) $14,700.
• D) $19,600.

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Definitions:

Joint Probabilities

The probability of two or more events happening at the same time, often represented as the intersection of events in probability theory.

Conditional Probabilities

The possibility of an event occurring on the basis that another particular event has taken place already.

Conditional Probability

The probability that an event will happen after another specific event has already taken place.

Probability Tree

A diagram that helps in visualizing and calculating the probabilities of complex, multistep events.