Josh Has Been Given Two Assignments, Assignment a and Assignment

question 88

Multiple Choice

Josh has been given two assignments, assignment A and assignment B.He estimates that the chance of getting a passing grade on assignment A is 60% and the chance of getting a passing grade on assignment B is 50%.Assuming that assignment grades are statistically independent, how likely is it that Josh gets a passing grade on both assignments?

• A)20%
• B)50%
• C)30%
• D)10%
• E)70%

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Definitions:

Deferred Tax Liability

A financial obligation recorded on a company's balance sheet that results from a difference in the timing of when income is earned and when it is taxable.

Installment Sales

Revenue recognition method allowing income to be realized at the time of sale but received through regular payments over time.

Contingent Liability

A potential financial obligation that may arise depending on the outcome of a future event.