Which of the Following Statements in NOT True

question 7

Multiple Choice

Which of the following statements in NOT true?

• A)the marginal probability uses the total possible outcomes in the denominator
• B)the union probability is the probability of X or Y occurring.
• C)the joint probability uses the probability of X in the denominator
• D)the conditional probability uses subtotal of the possible outcomes in denominator

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Definitions:

Fixed Cost

Expenses that do not change with the level of production or sales in the short term, such as rent, salaries, and insurance premiums.

Gross Profit

Money available to cover the costs of marketing the product, operating the business, and profit.

Merchandise

Goods or products that are purchased, sold, or traded, often in the context of retail.

Emotional Intelligence

The combination of four abilities: (a) your ability to perceive other’s emotions; (b) your ability to identify your emotions, (c) your ability to understand what’s causing your emotion, and (d) your ability to manage your emotions.