The Law of Multiplication Gives the Probability That at Least

question 37

True/False

The law of multiplication gives the probability that at least one of the two events will occur.

---

Definitions:

Imports

Goods or services brought into a country from abroad for sale.

Variable Costs

Costs that change in proportion to the level of production or business activity, such as materials and labor.

Fixed Costs

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.

After-tax Profit

The net income remaining after all taxes have been deducted from total revenue.