Which of the Following Statements Is Always Correct

question 231

Multiple Choice

Which of the following statements is always correct?

• A)P(A and B)= P(A)* P(B)
• B)P(A or B)= P(A)+ P(B)
• C)P(A)= 1 − P(A^c)
• D)None of these choices.

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Definitions:

Spot Rate

The current market price at which a particular asset, such as currency, commodity, or security, can be bought or sold for immediate settlement.

Exchange Rates

The price of one country's currency in terms of another currency, influencing international trade and investment.

Pesos

The currency used in various Latin American countries and the Philippines, symbolized by "$" or "₱" depending on the country.

Bolivars

The currency of Venezuela, used in financial transactions within the country.