If Two Events Are Collectively Exhaustive,what Is the Probability That

question 20

Multiple Choice

If two events are collectively exhaustive,what is the probability that one or the other occurs?

• A) 0.25
• B) 0.50
• C) 1.00
• D) Cannot be determined from the information given.

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Definitions:

Securities

Financial instruments that represent ownership positions in corporations (stocks), creditor relationships with corporations or governmental bodies (bonds), or rights to ownership as represented by an option.

General Public

Refers to the broader community or populace that is not specifically involved with a particular area of interest or occupation.

Money Market Securities

Short-term financial instruments, typically with high liquidity and very low risk, such as Treasury bills and commercial paper.

Maturities

The dates on which debt instruments (such as bonds) or other financial contracts come due for payment of principal and interest.