Express the Indicated Degree of Likelihood as a Probability Value

question 125

Multiple Choice

Express the indicated degree of likelihood as a probability value.
-"You have one chance in ten of winning the race."

• A) 1
• B) 0.90
• C) 0.5
• D) 0.10

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Definitions:

General Journal

A fundamental accounting ledger where financial transactions are initially recorded before being transferred to specific accounts in the ledger.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered on credit.

General Journal

A primary accounting record where financial transactions are initially recorded in chronological order.

Legal Fees Revenue

Income derived from fees charged for legal services provided.