Decide If the Events Are Mutually Exclusive

question 38

Multiple Choice

Decide if the events are mutually exclusive.
Roll a die: Get a number greater than 3, or get a number less than 3.

• A)Mutually exclusive
• B)Not mutually exclusive

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Definitions:

Joint Venture

A form of business organization identical to a partnership, except that it is engaged in a single project, not carrying on a business.

Co-owners

Individuals or entities that hold ownership rights in a property or business together.

RUPA

The Revised Uniform Partnership Act, which governs the operation of partnerships in the United States.

Limited Liability

A legal principle that shields an investor's personal assets from being used to satisfy the debts and liabilities of the business, typically applicable in corporations and limited liability companies.