What must be true about event if probability of even occur

Assignment Help Financial Accounting
Reference no: EM132945495

Problem 1: If the probability of an event occurring is equal to 0.97, what must be true about the event?

Option 1: the event is sure to happen.

Option 2: we must know more about the event to understand the meaning of 97% probability.

Option 3: the event is very unlikely to happen, but not impossible.

Option 4: the event is highly likely to happen, but not sure to happen.

Option 5: the event is impossible.

Reference no: EM132945495

Questions Cloud

What was the percentage of completion as to conversion costs : The conversion coat assigned to IPend totaled P15,000 sing the FIFO method of process costing. What was the percentage of completion as to conversion costs
Make a speculating with currency call options : Make a Speculating with currency call options. Suppose that you are a speculator that anticipates an appreciation of the Singapore dollar (S$).
How globalization has impacted publicly traded corporation : How globalization has impacted the publicly traded corporation you researched. Review the How to Earn Full Credit on Assignment
How much revenue should emmet recognize on this contract : Assume Emmet estimates variable consideration as the expected value. How much revenue should Emmet recognize on this contract in 2021
What must be true about event if probability of even occur : What must be true about the event? we must know more about the event to understand the meaning of 97% probability./ the event is impossible.
How can doordash become profitable : Do you agree with critics that DoorDash's business model fundamentals are poor, making it impossible to become profitable? Why or why not
How do Solve project NPV for Carson trucking : Solve project NPV for Carson. In year 7 the firm will also get back a cash flow equal to the salvage value of the equipment, which is valued at ?$0.9 million.
How much is the value of the shares : The EBITDA margin remains to be stable at 50%. The required rate of return is 10%. Their outstanding loans is Php17 Million. How much is the value of the shares
How much will julia have when julia is sixty years old : How much will she have when she is 60 years old? Julia's annual income is 75000$. She has just become eligible to participate in a retirement plan.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd