The probability that you win something will be 1.
What is an probability in statistics?
The probability serves as a gauge for how likely an event is to occur. It gauges how likely an event is. P(E) = Number of Favorable Outcomes/Number of Total Outcomes is the formula for probability.
Can the probability of an event be 1?
If the chance is 1, the event will occur. There would be nothing you could do to prevent a road traffic collision if the likelihood of one was 1. It will occur. In reality, probability connected to commonplace events ranges between 0 and 1.
Can a probability be negative?
Although a quasiprobability distribution permits a negative probability or quasiprobability for some events, the probability of the result of an experiment can never be negative. These distributions may be applicable to conditional probability or unobservable events.
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Answer:
The reason the government is often more responsive to producer interests than to consumer interests when it comes to the imposition of tariffs and quotas is:
it wants to ensure that producers are protected from foreign competition.
Explanation:
Producers face foreign competitive threats. Consumers do not face such competition. Therefore, the government will often consider the producers' interests more than the consumers' interests when imposing trade tariffs and quotas. If local industries are not protected from their foreign competitors, the unemployment rate will increase and the economy will be flooded with cheap and low quality goods from other countries. In that way, the US will be subsidizing the foreign producers indirectly.
The change in the tax treatment of interest income from saving causes the equilibrium interest rate in the market for loanable funds to increase and the level of investment spending to decrease. If the interest increase, it follows that the spending would decrease.
Answer:
The maximum business interest deduction that George will be eligible to claim this year is $522,000
Explanation:
For computing the maximum business interest deduction, first, we have to compute the adjusted taxable income. So, the computation of adjusted taxable income is shown below:
= Allocable taxable income + business interest + depreciation amount
= $1,250,000 + $240,000 + $250,000
= $1,740,000
Now the business interest deduction is 30% of adjusted taxable income
So, the maximum business interest deduction would be
= Adjusted taxable income × deduction rate
= $1,740,000 × 30%
= $522,000
Localizing your supply chain represents a tremendous opportunity to help the environment. When you reduce shipping and storage, you also reduce ...
Explanation:
