You Know That the Probability of a Randomly Selected Student

question 97

Multiple Choice

You know that the probability of a randomly selected student will cheat on an exam is 1%.You also know that the probability of a randomly selected student will cheat on an exam knowing that his/her fellow classmate is cheating on the exam is also 1%.Which of the following is true about the event of "the randomly selected student cheating on an exam" and "his/her classmate is cheating on the exam"?

• A)They are mutually exclusive.
• B)They are collectively exhaustive.
• C)They are independent.
• D)None of the above.

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Definitions:

Accounts Over 30 Days

Accounts receivable that have not been paid within 30 days of the invoice date, indicating delayed payments.

Receivables Manager

A professional responsible for overseeing and managing a company's accounts receivable to ensure timely collection of owed money.

Receivables-To-Sales Ratio

A financial metric measuring the proportion of a company's receivables relative to its total sales, indicating how efficiently it collects on sales credit.

Payables-To-Sales Ratio

A financial metric that analyzes the relationship between a company's total payables and its total sales.