If Two Events Are Mutually Exclusive,what Is the Probability That

question 104

Multiple Choice

If two events are mutually exclusive,what is the probability that one or the other occurs?

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

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Definitions:

Impaired

A reduction in the recoverable value of an asset below its carrying value on the balance sheet, leading to recognition of an impairment loss.

Market Value

The market value denotes the ongoing rate at which an asset or service can be traded in a marketplace.

Market Value

The present rate at which a service or asset is available for purchase or sale on the open market.

Present Value

Present Value is a financial concept that calculates the current worth of a future sum of money or stream of cash flows given a specified rate of return.