Given P(A) = 0

question 65

Multiple Choice

Given P(A) = 0.45, P(B) = 0.30, P(A and B) = 0.05. Find P(A|B) .

• A) 0.45
• B) 0.135
• C) 0.30
• D) 0.111
• E) 0.167

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Definitions:

Ending Inventory Balance

The value of all the unsold goods that a company has in its possession at the end of an accounting period.

Goods In Transit

Items that have been shipped by a seller but have not yet been received by the purchaser, often included in accounting considerations for inventory management.

Inventory Valuation

The method used to assign a monetary value to inventory, including FIFO, LIFO, and weighted average cost methods.

Current Cost

The cost that would be incurred to replace an asset or to purchase a service at the present time as opposed to its historical cost.