If an Event Has a Probability of 1,then It Is

question 8

Multiple Choice

If an event has a probability of 1,then it is a(n) _____________ .

• A) impossible event
• B) certain event
• C) probable event
• D) simple event

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Definitions:

Periodic Interest Rate

The interest rate applied to a loan or savings account over a specific period of time, often monthly or annually.

Payment Interval

Payment interval is the frequency at which recurring payments are made, such as monthly, quarterly, or annually for loans, rents, or subscriptions.

Compounded Annually

This refers to the process by which the interest earned on an investment or savings is calculated once a year, adding to the principal for the next year's interest calculation.

Periodic Interest Rate

This is the interest rate charged or earned over a particular period of time, often calculated based on the annual interest rate.