The Sum of the Probabilities of Two Complementary Events Is

question 37

Multiple Choice

The sum of the probabilities of two complementary events is

• A)Zero
• B)0.5
• C)0.57
• D)1.0

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Definitions:

Cash Account

A financial account that records cash transactions, both receipts and disbursements, within a business.

Retained Earnings

The portion of net income that is not distributed to shareholders as dividends but is kept by the company to reinvest in its core business or to pay debt.

Liability Account

An accounting record that captures the amounts a company owes to creditors.

Creditors

Creditors are individuals or entities to whom a company owes money for goods or services that have been provided.