You Know That the Probability of a Randomly Selected Student

question 104

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:

Invested Funds

Money allocated into financial ventures with the expectation of achieving a profit or gaining an income.

Accumulate

The process of gathering or increasing an amount of something over a period of time.

Compounded Annually

The calculation of interest on both the initial principal and the accumulated interest from past periods once a year.

Time-value of Money

The concept that money available at the present time is worth more than the same amount in the future due to its earning capacity.