Which of the Following Are Equivalent to the Probability of the Complement

question 18

Multiple Choice

Which of the following are equivalent to the probability of the complement of event A?
(i) P( $\mathrm { A } ^ { \mathrm { C } }$ )
(ii) 1 - P(A does not occur)
(iii) 1 - P(A occurs)
(iv) P(A does not occur)

• A)ii
• B)i,iii,and iv
• C)i and iii
• D)i,ii,and iv
• E)iii and iv

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Definitions:

Working Capital

Current assets minus current liabilities, representing the liquidity available to a business for day-to-day operations.

Salvage Value

The forecasted residual value of an asset upon completing its lifespan.

Pretax Return

The income or profit earned by a business before any taxes have been deducted.

Investment Projects

Long-term projects undertaken by a business to generate revenue, increase capacity, or improve efficiency, often requiring significant initial investment.