Let P(X) = .55 and P(Y) = .35. Assume the probability that they both occur is .20.
Question:
Let P(X) = .55 and P(Y) = .35. Assume the probability that they both occur is .20. What is the probability of either X or Y occurring?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
PX or Y P...View the full answer
Answered By
Sufiyan Ahmed Tariq
I am a Chartered Accountant and an Associate Public & Finance Accountant. I also hold a bachelors of Commerce degree. I have over 8 years of experience in accounting, finance and auditing. Through out my career, I have worked with many leading multinational organisation.
I have helped a number of students in studies by teaching them key concepts of subjects like accounting, finance, corporate law and auditing. I help students understanding the complex situation by providing them daily life examples.
I can help you in the following subject / areas:
a) Accounting;
b) Finance;
c) Commerce;
d) Auditing; and
e) Corporate Law.
4.90+
7+ Reviews
17+ Question Solved
Related Book For
Statistical Techniques in Business and Economics
ISBN: 978-1259666360
17th edition
Authors: Douglas A. Lind, William G Marchal
Question Posted:
Students also viewed these Business questions
-
Consider a model economy in which each young person receives 200 units of the consumption good. There are 50 young people born each period. The total stock of fiat money is constant and equal to...
-
Use the same model economy as described in 14.3. Data from 14.3 Consider a model economy in which each young person receives 200 units of the consumption good. There are 50 young people born each...
-
A company wants to set up a kiosk in the mall and knows that the Fixed Costs will be somewhere between $20,000 and $30,000; they also know that their average selling price will be somewhere between...
-
In Exercises 1 through 18, differentiate the given function. y = x x + 1 2
-
Suppose you live in a neighborhood with a few expensive homes and many modest homes. 1. If you wanted to impress people with the neighborhood where you lived, which measure would you give as the...
-
Let (fn) be a sequence of functions that converges uniformly to f on A and that satisfies |fn (x)| < M for all n N and all x A. If g is continuous on the interval = (-M; M), show that the sequence...
-
Latent heat capsules consist of a thin-walled spherical shell within which a solid-liquid, phase-change material (PCM) of melting point \(T_{\mathrm{mp}}\) and latent heat of fusion \(h_{s f}\) is...
-
In order to better serve their rural patients, Drs. Dan and Jack Fleming (brothers) began giving safety seminars. Especially popular were their "emergency-preparedness" talks given to farmers. Many...
-
Vaughn Corporation has 73,000 shares of common stock outstanding. It declares a $2 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31....
-
What percent of undergraduate enrollment in coed colleges and universities in the United States is male? A random sample of 50 such institutions give the following data (Source USA Today allege...
-
The Tennessee Tourism Institute (TTI) plans to sample information center visitors entering the state to learn the fraction of visitors who plan to camp in the state. Current estimates are that 35% of...
-
Suppose the two events A and B are mutually exclusive. What is the probability of their joint occurrence?
-
Credit Suisse First Boston (CSFB) quotes the following rates. For each quote, state which currency CSFB is buying and which currency CSFB is selling at the quoted rates. a. 0.8894/$ Bid and 0.8898/$...
-
Consider a 30 year, $150,000 fixed-rate, monthly payment mortgage with a 3.60% contract rate. If all payments are made precisely as scheduled, during years 6 through 17, what is the: 1) total amount...
-
The producer wants you to help them to identify at what range of production quantity (Q) for Process 1, Process 2, and Process 3 is best to adopt. Enter Q range with whole number and use signs such...
-
Using the bivariate distribution for the pair of discretely distributed random variables (Y and Z), as given in the class notes - show that, for the fixed constant "d", E{d Y} = d E{Y} Note that this...
-
1.1 Explain the importance of reviewing literature when developing a research proposal for an empirical study. (8 marks) 1.2 Explain the necessity of including the background of the study when...
-
Unit Leasing Assumptions Suite 103 Commencement Expiration 7/1/2016 6/30/2021 Term (years) 5 Area (sq. ft.) 1,100 Rate Schedule Start End Rate/psf Year 1 7/1/2016 6/30/2017 Year 2 7/1/2017 6/30/2018...
-
One card is selected at random from a standard deck of 52 cards. Determine the probability that the card selected is a red card or a picture card.
-
Determine the values of the given trigonometric functions directly on a calculator. The angles are approximate. tan 0.8035
-
Three tables listed below show random variables and their probabilities. However, only one of these is actually a probability distribution. a.?Which of the above tables is a probability...
-
Compute the mean and variance of the following discrete probability distribution: x ................P(x) 2 ................0.5 8 ................0.3 10 .............0.2
-
Sam Simone is the manager of a family-run pet store. He is deciding whether to open an hour later on Sundays. From past sales on Sundays he has determined that the probability of zero sales during...
-
The following Python program swaps two variables which is entered by user # To take input from the user x = input ('Enter value of x: ') y = input ('Enter value of y: ') # create a temporary variable...
-
1. Raman purchases a motor car from Bharathan whose cash price is Rs. 56,000 on 11.93. Rs. 15,000 is paid on signing the contract and the balance is to be paid in three equal annual instalments of...
-
Write a function that takes in a value x, a value el, and a list and adds as many el's to the end of the list as there are x's in the list. Make sure to modify the original list using list mutation...
Study smarter with the SolutionInn App