Which of the following statements is false? A phenomenon is random if individual outcomes are uncertain.
The probability of any outcome must be a number between 0 and 1.
o A probability can be a number greater than 1
. All possible outcomes together must have probabilities that add up to 1.

2. using calculations based on a perpetual inventory system, determine the inventory balance altira would report in its august 31, 2021, balance sheet and the cost of goods sold it would report in its august 2021 income statement using the average cost method. (round "average cost per unit" to 2 decimal places.)