Determine Whether the Event Is Independent or Dependent

question 18

Multiple Choice

Determine whether the event is independent or dependent.
-A couple first has a son, then a son, and then a daughter.

• A)Independent
• B)Dependent

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Definitions:

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power over time.

Convertible

A term often used in finance to describe securities, like bonds or preferred stocks, that can be converted into a predetermined number of another type, usually common stock, at the holder's option.

Callable

Callable refers to a provision in certain bonds or securities whereby the issuer has the right to redeem the instrument before its maturity date.

Sinking Fund

A reserve fund established by an issuer of a bond to repay the principal amount of the bond at maturity, often through periodic payments.