The Weather Reporter Predicts That There Is a 20% Chance

question 57

Multiple Choice

The weather reporter predicts that there is a 20% chance of snow tomorrow for a certain region.What is meant by this phrase?

• A)Snow occurs 20% of the time in this region.
• B)The occurrence of snow is "truly random" and will occur 20% of the time.
• C)In circumstances "like this," snow occurs 20% of the time.
• D)20% of the time it snows on this date.
• E)It will snow 20% of the day tomorrow.

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Definitions:

Bank Loan Payable

Bank Loan Payable is the amount owed by a borrower to a bank, typically represented as a liability on the borrower's balance sheet.

Posting

The process of recording financial transactions in the accounting books, such as a ledger or journal.