Choose the Word or Phrase in [ ] Which Will

question 163

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Your gross income was $32,000; your net income was $25,000; you saved $1,000.Your savings ratio was [3% | 4%].

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Definitions:

Independent

Two events are independent if the occurrence of one does not affect the probability of the occurrence of the other.

Independent

Refers to a characteristic where two events have no influence on each other's occurrence.

Mutually Exclusive

Two or more events that cannot occur at the same time.

Insurance Company

An organization that offers insurance policies to protect individuals and businesses against financial loss.