If the Probability of Event a Is 3/4 and the Probability

question 55

Multiple Choice

If the probability of event A is 3/4 and the probability of event B is 1/4,then the probability of both A and B occurring at the same time is

• A)3/4.
• B)1/4.
• C)1 or absolute certainty.
• D)1/2.
• E)3/16.

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Definitions:

Exchange Rate

The value of one currency for the purpose of conversion to another. It determines how much of one currency can be exchanged for another currency.

Reciprocal

Pertaining to a mutual exchange or relationship where two parties give and take symmetrically.

Functional Currency

The currency of the primary economic environment in which an entity operates and generates cash flows.

Currency

A medium of exchange for goods and services, typically issued by a government.