When a Football Team Plays a Game, There Are Three

question 123

Multiple Choice

When a football team plays a game, there are three outcomes that can occur: they can win, they can lose, or they can tie. The events are:

• A) independent.
• B) mutually exclusive.
• C) all inclusive.
• D) dependent events.

---

Definitions:

Standard Deviation

A numerical indicator that calculates the degree of spread or deviation of a data set values from their average.

Salvage Value

The estimated residual value of an asset at the end of its useful life, reflecting what it can be sold for or its value for parts.

Safety Stock

Inventory kept on hand to protect against fluctuations in demand or supply, acting as a buffer to prevent stockouts.

Stockout

A situation in inventory management where the demand for an item cannot be fulfilled due to the absence of the item in stock.