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:

Ending Inventory

The total value of goods available for sale at the end of an accounting period, becoming the next period's beginning inventory.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made at specific intervals, such as monthly or annually, rather than continuously.

FIFO

"First In, First Out," an inventory valuation method assuming that the oldest items in inventory are sold or used first.

LIFO

A inventory valuation method where the last items added to inventory are the first ones sold, standing for "Last In, First Out."