Final answer:
To find the probability of event E not occurring, subtract the probability of E from 1, which is 0.77.
Step-by-step explanation:
If the probability of event E occurring is 0.23, then the probability of event E not occurring is 1 - P(E). So, we simply subtract the probability of E occurring from 1:
1 - 0.23 = 0.77
Therefore, the correct answer is B. 0.77, which represents the probability of event E not occurring.