Question: 5. Wing Foot knows that its stores will not show a profit unless they gross over $940,000 per year. Let A be the event that

5. Wing Foot knows that its stores will not show a profit unless they gross over $940,000 per year. Let A be the event that a new Wing Foot store grosses over $940,000 its first year. Let B be the event that a store grosses over $940,000 its second year. Assume that the accounting office at Wing Foot provided the following information: 63% of all Wing Foot stores show a profit the first year; 75% of all Wing Foot store show a profit the second year (this includes stores that did not show a profit the first year); however, 85% of Wing Foot stores that showed a profit the first year also showed a profit the second year. Find: a. P(A) b. P(B) C. P(BlA) d. P(A and B)= e. P(A or B) Round your answer to the nearest hundredth

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