Given Events a and B with Probabilities P(A) = 0

question 90

Multiple Choice

Given events A and B with probabilities P(A) = 0.75 and P(B) = 0.15, are A and B mutually exclusive?

• A) cannot be determined
• B) no
• C) yes

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Definitions:

Future Goods

Future goods are goods that are to be manufactured, produced, or acquired by the seller after the making of a contract of sale.

Risk of Loss

The potential for an investment or transaction to result in a decrease in value or financial loss.

Identified

Recognized or established as being a particular entity or thing.

Contract

A legally binding agreement between two or more parties that outlines rights and duties towards one another.