If Two Events a and B Are Complementary

question 117

Multiple Choice

If two events A and B are complementary,

• A)they must also be mutually exclusive.
• B)they must also be statistically independent.
• C)the probabilities of the two events must sum to one.
• D)both a and b are true.
• E)none of the above.

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Definitions:

Operating Cycle

The average time that it takes to purchase inventory, sell it on account, and then collect cash from customers.

Short-Term Debt Investments

Investments made with the intention of earning a return on surplus cash that can be converted into cash within a short period, usually less than one year.

Securities Market

A financial marketplace where securities such as stocks and bonds are bought and sold, facilitating capital flow in the economy.

Brokerage Fees

Fees charged by a broker for executing transactions or providing specialized services.