A Section of an Exam Contains Two Multiple-Choice Questions, Each

question 114

Multiple Choice

A section of an exam contains two multiple-choice questions, each with three answer choices (listed "A", "B", and "C") . Assuming the outcomes to be equally likely, find the
Probability (as a reduced fraction) that neither of the answers is "B". [Hint: List all the
Outcomes of the sample space first.]

• A) 4/9
• B) 1/3
• C) 2/3
• D) 5/9

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Definitions:

Administration Expenses

Expenses related to the general operation of a business, including executive salaries, HR, and IT, not directly tied to the production or selling of goods/services.

Operating Expense

Expenses that a business incurs through its normal business operations, often excluding the cost of goods sold, financing costs, and taxes.

Income Statement

A document presenting a business's income and outgoings within a set timeframe, leading to a declaration of either profit or loss.

Ending Capital

Beginning Capital + Additional Investments + Net Income – Withdrawals = Ending Capital. Or: Beginning Capital + Additional Investments – Net Loss – Withdrawals = Ending Capital.