If P(A) = 0

question 48

True/False

If P(A) = 0.50, P(B) = 0.30, and P(A∩B) = 0.15, then A and B are independent events.

---

Definitions:

Net Sales

The amount of sales revenue remaining after deducting sales returns, allowances, and discounts.

Units-Of-Production Method

A depreciation method that allocates an asset's cost based on the number of units it produces, linking the depreciation expense to the actual usage of the asset.

Useful Life

The estimated duration of time that an asset is expected to be functional and contribute to a company's operations, used for depreciation calculations.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting wear and tear, decay, or decline in effectiveness.