XWave Ltd Has Spent $150 000 for the Retraining of Its

question 44

Multiple Choice

XWave Ltd. has spent $150 000 for the retraining of its personnel this year, and decided to repeat the retraining every third year. How much will this retraining cost next time if annual inflation is going to be 4% over the next five years?

• A)$162 450
• B)$168 730
• C)$169 780
• D)$171 216
• E)$174 549

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Definitions:

Simple Event

An event that consists of a single outcome in the sample space of a probability experiment.

Conditional Probability

The probability of an event occurring given that another event has already occurred.

Independent Events

Two or more events in which the occurrence of one event does not affect the probability of the other events.

Independent Events

Two or more events where the occurrence of one event does not affect the probability of the other events happening.