One of the basic requirements of probability is

a. for each experimental outcome Ei, we must have P(Ei) ? 1
b. P(A) = P(Ac) ? 1
c. if there are k experimental outcomes, then P(E1) + P(E2) + ... + P(Ek) = 1
d. both P(A) = P(Ac) ? 1 and if there are k experimental outcomes, then P(E1) + P(E2) + ... + P(Ek) = 1


c

Business

You might also like to view...

Accounts are records of increases and decreases in individual financial statement items

Indicate whether the statement is true or false

Business

Ling’s organization is in a very competitive industry and getting goods to market quickly is vital to the organization’s survival. For Ling, adopting a(n) ______ organizational philosophy on compensation might be a good idea.

A. at-the-market B. below-the-market C. pay-for-longevity D. pay-for-performance

Business

Which of the following statements about social class is most likely true?

A) People in the lower classes purchase items less impulsively than upper class shoppers. B) Social scientists agree that there are an unlimited number of social classes. C) "New money" people possess inherited wealth, often acquired several generations before. D) It is virtually impossible to move from one social class to another. E) Social class is determined by a combination of factors such as income, education, occupation, and accumulated wealth.

Business

What is supply chain event management (SCEM)?

A. Enables an organization to react more quickly to resolve supply chain issues. B. Applies technology to the activities in the order life cycle from inquiry to sale. C. Helps organizations reduce their investment in inventory while improving customer satisfaction through product availability. D. Allows an organization to reduce the cost and time required during the design process of a product.

Business