The accountant for a large U.S. company is interested in finding the probability that an account will have an incorrect balance due to being overstated or being understated. To find this probability, which probability rule is she likely to use?
What will be an ideal response?
The key word here is or, which, in dealing with probability, always means addition. Thus, the addition rule will need to be used.
Business
You might also like to view...
Through the data mining application of ________, marketers target promotional strategies based on the records of which customers have recently purchased certain products
A) customer retention B) customer loyalty C) customer acquisition D) customer abandonment E) market basket analysis
Business
Following the model can make presentations much clearer
a. true b. false
Business