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What is the resulting figure when income is greater than expenditures?
Savings.
Why can't probability be greater than one or less than zero?
Probabilities are given a value between 0 (0% chance or will not happen) and 1 (100% chance or will happen). You cannot have a negative percent for something that will not happen or a percent greater than 100 for something that will happen.
Which two quantities does a budget balance?
A budget tries to balance revenue (or income) and expenditure. Strictly speaking, any surplus of revenue over expenditure is allocated to a different class of "expenditure": savings. So the budget needs to ensure that the expenditure is not greater than the revenue.The two do not have to be balanced in the short term. For example, you probably cannot spend in the next five minutes what you will earn in the next five minutes! You can build up savings to but big ticket items or pay for current expenditure from future savings.But there is a need to balance these two items over a reasonable time frame. Consistent failure to do so results in bankruptcies: individual or corporate.
Can conditional probablity be greater than 1?
No probability can be greater than 1. An event will either not happen (p=0) or it will happen (p=1) or something in between (p>0 and p<1).
What will happen to a whole number when multiplied by a fraction greater than 1?
It will increase.
