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...
-
Breezy Company of Bethlehem, Pennsylvania, is a small wholesale distributor of heating and cooling fans. The company deals with retailing firms that buy small to medium quantities of fans. The...
-
Write expressions for the magnitudes and directions of the electric fields measured in Problem 24. Data from Problem 24 A positively charged particle is at rest on the positive \(z\) axis in...
-
During 2012, Maverick Inc. became involved in a tax dispute with the IRS. Mavericks attorneys have indicated that they believe it is probable that Maverick will lose this dispute. They also believe...
-
At a fundamental level, all input ( as well as output ) is done on a character - by - character basis. A . True B . False
-
Mr. Geoffrey Guo had a variety of transactions during the 2019 year. Determine the total taxable capital gains included in Mr. Guo's division B income. The transactions included:? 1. On January 1,...
-
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?
-
Water is added at varying rates to a 300-liter holding tank. When a valve in a discharge line is opened, water flows out at a rate proportional to the height and hence to the volume V of water in the...
-
A soccer goalkeeper takes a goal kick and the ball leaves his foot with a vertical velocity of 15 m/s and a horizontal velocity of 25 m/s. a. What is the resultant velocity of the ball? b. What is...
-
*Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Using the data from FRED, enter the values for the monetary aggregates indicated for the dates...
-
If we increased either R or C, then the value of RC would increase. Is this consistent with what you observed when you changed the resistor from 100 to 250 ? Explain how.
-
Anna, Alison and Aaron pull on a toy exerting forces as described in the diagram below. Let north be positive and south be negative. Determine the net force acting on the toy. F3 = 110 N S- N F =...
-
1. A triathlete swims 750 m South, rides 20 km East, and runs 5 km North, in that order. How far from the original starting position, as the crow flies, was the athlete after completing the above 3...
-
The best way to train a new employee is to: A. Explain the job to the employee and then put her on the job B. Get the employee ready to learn, and then demonstrate how the job should be done...
-
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...
-
a) Assess five (5) top construction trends in Malaysian construction industry. (5 marks) b) Demand of construction industry is in various types and sizes. There will be different locations,...
-
My assignment is asking me to describe the plans that are employed by the organization and determine which managers created each type of plan. I have chosen to do the assignment on Apple Inc. Can I...
-
Cooper and Brandy are married and file a joint income tax return with two separate Schedule Cs. Cooper is an independent security specialist who spent $635 on uniforms during the year. His laundry...
Study smarter with the SolutionInn App