If two events are independent, then
A. they must be mutually exclusive.
B. the sum of their probabilities must be equal to one.
C. their intersection must be zero.
D. the product of their probabilities gives their intersection.
Answer: D
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What will be an ideal response?
Mr. and Mrs. Daniels, ages 45, and 42, had the following income items in 2019: Salaries and wages$122,500Interest income 6,300Dividends eligible for 15% rate 4,000Capital gain eligible for 15% rate 1,900 Mr. and Mrs. Daniels have no dependents and claim the standard deduction. Compute their income tax liability on a joint return.
A. $16,868 B. $22,348 C. $15,570 D. None of the above.
Answer the following statements true (T) or false (F)
1. Both financial and managerial accounting affect user's decisions and actions. 2. The focus of managerial accounting information is on the organization as a whole. 3. Planning is the process of setting goals and making plans to achieve them. 4. Feedback provided by the control function allows managers to revise their plans. 5. Enterprise risk management (ERM) includes the systems and process companies use to maximize the effect of risk.
How many respondents should be in each important subgroup of a sample?
a. 10 b. 25 c. 50 d. 95 e. 100