If Events a and B Are Not Mutually Exclusive,then the Probability

question 28

Multiple Choice

If Events A and B are not mutually exclusive,then the probability that one of the events will occur is represented by

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

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Definitions:

Total Fixed Costs

The sum of all costs that remain constant regardless of the level of production or sales volume, encompassing items such as rent, salaries, and insurance premiums.

Variable Cost

Costs that change in proportion to the level of activity or volume of production.

Break-Even Point

The level of production or sales at which total costs equal total revenue, resulting in no net profit or loss.

Fixed Costs

Costs that remain constant in total regardless of changes in the level of production or sales volume.