A Recent Survey of Local Cell Phone Retailers Showed That

question 34

Multiple Choice

A recent survey of local cell phone retailers showed that of all cell phones sold last month, 64% had a camera, 28% had a music player and 22% had both. Which of the
Following statements about cell phones sold last month is true?

• A) Having a camera and having a music player are mutually exclusive events.
• B) The intersection of having a camera and having a music player is zero.
• C) Having a camera and having a music player are independent events.
• D) Having a camera and having a music player are disjoint events.
• E) Having a camera and having a music player are not mutually exclusive events.

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Definitions:

Reported Profits

The net income as stated in a company’s financial statements, reflecting revenues minus expenses, including taxes and cost of goods sold.

Investment Opportunities

Investment opportunities refer to financial situations or instruments that offer the potential for a return on investment.

Return On Investment

A metric for assessing the effectiveness or profit gained from an investment, determined by dividing the net income by the investment's cost.

Residual Income

The income that an investment or business generates after accounting for the cost of capital.