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

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Definitions:

Revenue Collected

The total amount of money received by a company or organization from its sales or services.

Income Transfers

Payments made by the government to individuals through various welfare programs, without the recipient providing goods or services in return.

Federal Spending

The amount of money that the national government expends on various programs, projects, and services.

GDP

Gross domestic product, a monetary measure of the market value of all final goods and services produced in a country during a specific period.