If P(A) =

question 20

True/False

If P(A) = .20 then the odds against event A's occurrence are 4 to 1.

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Definitions:

Indexed Funds

Mutual funds or exchange-traded funds (ETFs) that aim to replicate the performance of a specific index by investing in the stocks or securities that compose that index.

Bid-ask Spread

The difference between the highest price that buyers are willing to pay for an asset (bid) and the lowest price that sellers are willing to accept (ask).

Broker Fee

Fees charged by a broker for the services they provide, such as executing trades or providing investment advice.

NAV

Net Asset Value; the per share market value of a fund's assets minus its liabilities.