Determine Whether the Events Are Mutually Exclusive

question 1

Multiple Choice

Determine whether the events are mutually exclusive.
-The probability that Luis will pass his statistics test is 0.42. Find the probability that he will fail his statistics test.

• A)2.38
• B)0.72
• C)0.21
• D)0.58

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Definitions:

Discovered the Defect

Discovering the defect involves identifying a flaw or fault in a product or property, usually after a transaction has taken place, impacting the value or safety of the item.

Time of Contract

The specific moment when a contract is considered to have been formed or agreed upon by all parties involved.

Lost Profits

The potential income that a business could have earned but did not due to a wrongful act such as breach of contract or tort.

Resale Price

The price at which an item or good is sold after it has been previously purchased and owned by a consumer.