If P(A) = 0 $\cap$ B) = 057; Then P(A $\cup$ B) =
A)1

question 27

Multiple Choice

If P(A) = 0.38, P(B) = 0.83, and P(A $\cap$ B) = 0.57; then P(A $\cup$ B) =

• A)1.21
• B)0.64
• C)0.78
• D)1.78

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Definitions:

Collection Period

A metric that measures the length of time it takes for a business to convert its accounts receivable into cash.

Accounts Receivable Balance

The combined total of receivables a business has from its customers for goods or services that have been consumed but remain unpaid.

Calendar Year

The period of time from January 1 to December 31 in the Gregorian calendar.

Sales Estimate

An approximation of the number or monetary value of sales that a company expects to achieve within a certain period.