Decide If the Events Are Mutually Exclusive

question 75

Multiple Choice

Decide if the events are mutually exclusive.
Roll a die: get a prime number (2, 3, 5) , or get an even number.

• A)Not mutually exclusive
• B)Mutually exclusive

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Definitions:

Operating Expense

A type of expenditure that a business incurs as a result of carrying out its day-to-day operations, excluding the cost of goods sold.

Goods Available for Sale

All the products that a company has in its inventory at the beginning of a period plus any purchases made during that period.

Beginning Inventory

The value of goods available for sale at the start of an accounting period, essential for calculating cost of goods sold.

Gross Profit

The financial gain made after subtracting the cost of goods sold from the total sales revenue.