If Two Events Are Independent, Then

question 27

Multiple Choice

If two events are independent, then

• A) they must be mutually exclusive.
• B) the sum of their probabilities must be equal to one.
• C) their intersection must be zero.
• D) None of the above

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Definitions:

Direct Labor

The wages paid to workers who are directly involved in the production of goods or the delivery of services.

Factory Supplies

Materials and items used in a factory that do not directly go into a finished product but are necessary for manufacturing processes.

Factory Overhead

All indirect costs associated with the manufacturing process, including but not limited to utilities, maintenance, and management salaries, excluding direct labor and materials.

Advertising Expense

Costs incurred in promoting products, services, or the brand itself through various media channels.