Determine the Number of Outcomes in the Event

question 101

Multiple Choice

Determine the number of outcomes in the event. Then decide whether the event is a simple event or not. Explain your
reasoning.
-You randomly select a computer from a batch of 50 which contains 3 defective computers. Event B is selecting a defective computer.

• A)3; Not a simple event because it is an event that consists of more than a single outcome.
• B)3; Simple event because it is an event that consists of only one type of computer.
• C)1; Simple event because it is an event that consists of only one type of computer.
• D)50; Not a simple event because it is an event that consists of more than a single outcome.

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Definitions:

Paid-In Capital

The total amount of money or value of property that shareholders have contributed to a company in exchange for shares, excluding earnings retained by the company.

Journalize

The process of recording transactions in a journal before they are posted to ledger accounts.

Paid-In Capital

Funds raised by a company through the issuance of securities, reflecting the total amount of invested capital that shareholders have contributed directly.

Retained Earnings

Profits that a company keeps after dividends are paid, often reinvested into the business or used to pay off debt.