Correct Answer
✅ Option c —
All Options:
- A
- B
- C
- DNone
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Detailed Solution & Explanation
About This Chapter: Probability
Paper
Paper 3: Quantitative Aptitude
Weightage
5-7 Marks
Key Topics
Probability Operations, Expected Value
A logic-heavy chapter dealing with random experiments, events (mutually exclusive, exhaustive), set theory probability, conditional probability, and Bayes' Theorem. It forms the basis for Theoretical Distributions.
View Official ICAI SyllabusExam Strategy Tip
Always draw a quick Venn Diagram or tree when faced with 'At least one' or 'Only A but not B' wording. It saves you from double-counting.
Key Concepts to Understand
Set
A well-defined collection of distinct objects (called elements or members). Sets are denoted by capital letters and elements are listed within curly braces. Key operations include Union (∪), Intersection (∩), and Complement.
Probability
A numerical measure of the likelihood of an event occurring, expressed as a number between 0 (impossible) and 1 (certain). Formula: P(A) = Number of favorable outcomes / Total number of equally likely outcomes.
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