Which Number Could Be the Probability of an Event That

question 29

Multiple Choice

Which number could be the probability of an event that occurs about as often as it does not occur?

• A) .51
• B) -.51
• C) 0
• D) 1

---

Definitions:

Fees Earned

Income or revenue generated through providing services.

Creditor's Account

An account maintained to record transactions involving credit purchases or loans received, indicating the amount owed to suppliers or lenders.

General Journal

A fundamental bookkeeping document designed to systematically record every business transaction by date.

Revenue Journal

A specialized accounting journal used to record all the revenue transactions of a business, ensuring they are accounted for in the period they are earned.