Find the Indicated Probability $\frac { 3 } { 7 }$

question 175

Multiple Choice

Find the indicated probability.
-The probability that an event will occur is 0.3. What is the probability that the event will not occur?

• A) 0.7
• B) \(\frac { 3 } { 7 }\)
• C) 0
• D) None of the above is correct.

---

Definitions:

Pay Off

To completely settle a debt or obligation, typically referring to the full repayment of a loan or financial liability.

Economic Value

The worth of a good or service determined by the benefits it provides to the consumer, often reflected in its price on the market.

Series of Payments

Multiple payments made over time, often at fixed intervals.

Combined Equivalent Value

Refers to a singular value that encapsulates the total worth or effect of multiple financial elements combined.