Which of the Following Statements About Probabilities Is INCORRECT

question 82

Multiple Choice

Which of the following statements about probabilities is INCORRECT?

• A)The sum of all probabilities of a particular event must sum to 100%.
• B)Each possible outcome must have a non-negative probability.
• C)Probability is a statistical tool for estimating future outcomes.
• D)Probability is associated with an ex-post view.

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Definitions:

Finance Perspective

An approach or viewpoint focusing on the management, creation, and study of money, banking, credit, investments, assets, and liabilities.

Pro Forma Financial Statements

Pro forma financial statements are financial reports that a company prepares based on hypothetical scenarios or assumptions, often used for future planning or investment analysis.

Key Elements

Fundamental or essential components that constitute the basis or core of something.

Sustain Growth

The ability of an organization or economy to increase its output or income over a period while maintaining financial and environmental balance.