List the Outcomes Comprising the Specified Event $A$ And $B$ Are Defined as Follows

question 82

Multiple Choice

List the outcomes comprising the specified event.
-Three board members for a nonprofit organization will be selected from a group of five people. The board members will be selected by drawing names from a hat. The names of the five possible board Members are Allison, Betty, Charlie, Dave, and Emily. The possible outcomes can be represented as Follows.
ABC ABD ABE ACD ACE
ADE BCD BCE BDE CDE
Here, for example, ABC represents the outcome that Allison, Betty, and Charlie are selected to be on the board. The events $A$ and $B$ are defined as follows.
$\mathrm { A } =$ event that Dave is selected
$B =$ event that Allison is selected
List the outcomes that comprise the event (A or B) .

• A)\(\mathrm { ABC } , \mathrm { ABD } , \mathrm { ABE } , \mathrm { ACD } , \mathrm { ACE } , \mathrm { ADE } , \mathrm { BCD } , \mathrm { BDE }\)
• B) \(\mathrm { ABD } , \mathrm { ACD } , \mathrm { ADE }\)
• C) \(\mathrm { ABC } , \mathrm { ABE } , \mathrm { ACE } , \mathrm { BCD } , \mathrm { BDE } , \mathrm { CDE }\)
• D) \(\mathrm { ABC } , \mathrm { ABD } , \mathrm { ABE } , \mathrm { ACD } , \mathrm { ACE } , \mathrm { ADE } , \mathrm { BCD } , \mathrm { BDE } , \mathrm { CDE }\)

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Definitions:

Expected Return

The weighted average of all possible returns for a given investment, where the weights are the probabilities of each outcome, representing an anticipation of gains on an asset.

Market Risk Premium

The additional return over the risk-free rate that investors require to compensate them for the extra risk of investing in the stock market.

Fairly Priced

A term suggesting an asset is trading at a price close to its intrinsic value, considering its earnings, growth potential, and risk.

Expected Return

The predicted amount of profit or loss an investment generates based on historical or projected performance.