If Two Events a and B Are Mutually Exclusive, What

question 58

Multiple Choice

If two events A and B are mutually exclusive, what does the special rule of addition state?

• A) P(A or B) = P(A) + P(B)
• B) P(A and B) = P(A) + P(B)
• C) P(A and/or B) = P(A) + P(B)
• D) P(A or B) = P(A) - P(B)

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Definitions:

Privity of Contract

Privity of contract is a legal principle that only those parties who have entered into a contract have the right to sue to enforce their rights or claim damages under that contract.

Statute of Frauds

A legal principle requiring certain types of contracts to be written and signed to be legally enforceable, such as those involving real estate or contracts that cannot be performed within a year.

Public Policy

Guidelines and principles that reflect the societal norms and beliefs influencing laws and government actions.

UCC

The Uniform Commercial Code encompasses a detailed framework of laws managing commercial interactions across the United States.