If a and B Are Disjoint Events with P(A)= 0

question 107

Multiple Choice

If A and B are disjoint events with P(A) = 0.70,then P(B) :

• A)can be any value between 0 and 1
• B)can be any value between 0 and 0.70
• C)cannot be larger than 0.30
• D)cannot be determined with the information given

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Definitions:

Incomes

Income is the financial gain, commonly acquired on a consistent basis, either from employment or investment returns.

Demand

The desire and ability of consumers to purchase goods and services at various prices, determining the quantity of a product that will be sold in a market.

Cross-price Elasticity

A measure of how the quantity demanded of one good changes in response to a change in the price of another good.

Substitutes

Goods or services that can be used in place of each other, having the capability to satisfy similar needs or desires.