If Two Events Are Collectively Exhaustive,what Is the Probability That

question 102

Multiple Choice

If two events are collectively exhaustive,what is the probability that both occur at the same time?

• A)0.
• B)0.50.
• C)1.00.
• D)Cannot be determined from the information given.

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Definitions:

Payback

The period of time it takes for an investment to generate an amount of income or cash equal to the cost of the investment.

Discounted Payback

A capital budgeting method that calculates the time needed to recoup the initial investment in present value terms.

Compute

The process of using mathematical and logical operations to perform tasks and solve problems by a computer.

Average Accounting Return

The average accounting return is a financial ratio that represents the average annual accounting profit compared to the initial investment.