If Events a and B Are Mutually Exclusive and Collectively

question 60

Multiple Choice

If events A and B are mutually exclusive and collectively exhaustive,what is the probability that event A occurs?

• A)0.
• B)0.50.
• C)1.00.
• D)Cannot be determined from the information given.

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Definitions:

Weighted-Average Method

The costing technique for inventory that assesses the cost of goods sold and the final inventory by averaging the costs of all units on offer for sale during the time frame.

Molding Department

A specialized section in a manufacturing facility where molding processes, such as injection molding or compression molding, are carried out to produce parts or components.

Work in Process

Items in production that are not yet completed; a part of inventory.

Molding Department

A production sector within a manufacturing facility where raw materials are shaped into components or products using molds.