The Probability of an Event Can Be Calculated by Finding

question 122

True/False

The probability of an event can be calculated by finding the sum of the probabilities of the
individual sample points in the event and dividing by the number of sample points in the event.

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Definitions:

Sole Proprietorship

A business owned and operated by a single individual, with no separation between the business and the owner, legally or financially.

Partnership

A partnership is a legal business structure where two or more individuals share ownership, responsibilities, and profits or losses of the business.

Corporation

A legal entity that is separate and distinct from its owners, with rights to enter into contracts, loan and borrow money, sue and be sued.

Not-for-Profit

Organizations or institutions that do not operate for the purpose of making a profit but rather for a public benefit or a specific cause.