If Two Events Are Mutually Exclusive and Collectively Exhaustive,what Is

question 52

Multiple Choice

If two events are mutually exclusive and collectively exhaustive,what is the probability that both occur?

• A)0.
• B)0.50.
• C)1.00.
• D)Cannot be determined from the information given.

---

Definitions:

Useful Life

An estimate of the lifespan of an asset during which it is expected to remain productive or useful for the purposes it was acquired.

Residual Value

The estimated value that an asset is expected to have at the end of its useful life, after depreciation has been taken into account.

Net Income

The total profit of a company after all expenses, including taxes and interest, have been deducted from total revenue.

Average Rate

The mean price or value of a commodity or service over a given period or in a given market.