If a and B Are Independent Events with P(A) = $\cap$

question 113

Multiple Choice

If A and B are independent events with P(A) = 0.4 and P(B) = 0.6, then P(A $\cap$ B) =

• A)0.76
• B)1.00
• C)0.24
• D)0.20

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Definitions:

Entrepreneurs

Individuals who organize, operate, and assume the risks for business ventures, acting as the driving force behind innovation and economic growth.

Firm

An organization or business entity that produces and sells goods or services in an attempt to generate profit.

Circular Flow Model

An economic model that depicts how money and goods/services move through the economy in different markets between households and firms.

Resource Markets

Markets where resources like labor, capital, and raw materials required for production are bought and sold.