Which of the Following Statements in Not True

question 75

Multiple Choice

Which of the following statements in not true?

• A)the marginal probability uses the total possible outcomes in the denominator
• B)the union probability is the probability of X or Y occurring.
• C)the joint probability uses the probability of X in the denominator
• D)the conditional probability uses subtotal of the possible outcomes in denominator

---

Definitions:

Sole Proprietor

An individual who owns and operates a business by themselves, bearing full responsibility for its debts and legal actions.

Limited Liability

A legal structure where a person's financial responsibility for a company's debts and obligations is restricted to a fixed amount, typically their investment.

Sole Proprietorship

A business owned and operated by a single individual, where there is no legal distinction between the owner and the business.

Undisclosed Principal

A person who is represented in a transaction by an agent but whose identity is not revealed to the third party involved.