Three Events Occur with Probabilities P(E₁)= 0

question 2

Multiple Choice

Three events occur with probabilities P(E₁) = 0.35,P(E₂) = 0.15,P(E₃) = 0.40.If the event B occurs,the probability becomes P(E₁|B) = 0.25,P(B) = 0.30.Calculate P(E₁ and B) .

• A)0.575
• B)0.075
• C)0.021
• D)0.475

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Definitions:

Business Enterprises

Organizations engaged in commercial, industrial, or professional activities, aiming to earn profits.

External Transactions

Transactions that involve parties outside the organization, impacting the financial position of the business.

Economic Events

Transactions and occurrences that affect the financial position of a business entity.

Basic Accounting Equation

Represents the foundation of double-entry bookkeeping, stating that assets equal liabilities plus equity.