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    Managerial Economics and Strategy Study Set 2
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    Exam 14: Managerial Decision-Making Under Uncertainty
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    If an Event Is Certain to Occur, It Has a Probability
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If an Event Is Certain to Occur, It Has a Probability

Question 27

Question 27

Multiple Choice

If an event is certain to occur, it has a probability (pr) of


A) 0.
B) 0 < pr < 1.
C) 1.
D) Not enough information to determine.

Correct Answer:

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