The probabilities of the events A and B are .20 and .30, respectively. The probability that both

Question:

The probabilities of the events A and B are .20 and .30, respectively. The probability that both A and B occur is .15. What is the probability of either A or B occurring?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Statistical Techniques in Business and Economics

ISBN: 978-1259666360

17th edition

Authors: Douglas A. Lind, William G Marchal

See More Books

Question Posted: May 28, 2018 08:08 AM

See More Questions

Mr Smart has 75,000 invested in relatively risk-free assets returning 10 per cent per year. He has been approached by a friend with a 'really good idea' for a business venture. This would take the...
If two events A and B are independent, how do the probabilities P(A) and P(A | B) compare?
A company makes two products A and B, using a single resource pool. The resource is available for 900 minutes per day. The contribution margin s for A and B are $ 20 and $ 35 per unit respectively....
For each polynomial function, find (a) (-1), (b) (2), and (c) (0). f(x) = x + 2x - 8
What is the steady-state vector for this problem? A man owns an Audi, a Ford, and a VW. He drives every day and never drives the same car two days in a row. These are the probabilities that he drives...
In Prob. 15.198, determine the acceleration of collar C. Problem 15.198: Rod BC, of length 18 in., is connected by ball and-socket joints to the rotating arm AB and to collar C which can slide on the...
A statistician is designing a phase III clinical trial comparing a continuous outcome in two groups receiving experimental versus standard therapy with a total sample size of 168 patients. The team...
Siena Industries (a sole proprietorship) sold three 1231 assets on October 10, 2014. Data on these property dispositions are as follows. a. Determine the amount and the character of the recognized...
On December 31, 2022 Pack-and-Deliver Company completed its first year of operations. The following information has been provided for the year: a. Sold packing supplies for $30,400 and provided...
8 91426 10 11 (CCM) builds furniture for a range of commercial customers. They build furniture used in hotels and department stores, on cruise liners, ferries and passenger aircraft. One of their...
Wendys offers eight different condiments (mustard, catsup, onion, mayonnaise, pickle, lettuce, tomato, and relish) on hamburgers. A store manager collected the following information on the number of...
Suppose the probability you will get an A in this class is .25 and the probability you will get a B is .50. What is the probability your grade will be above a C?
When an intangible asset is amortized, should the assets amortization occur over its legal life or its useful life? Give an example in which the legal life exceeds the useful life.
Do joint costs affect a sell as is or process further decision? Why or why not?
At a given point in a supersonic wind tunnel, the pressure and temperature are $5 \times 10^{4} \mathrm{~N} / \mathrm{m}^{2}$ and $200 \mathrm{~K}$, respectively. The total pressure at this point...
What is the difference between segment margin and contribution margin? When would each be used?
Consider air entering a heated duct at $p_{1}=1 \mathrm{~atm}$ and $T_{1}=288 \mathrm{~K}$. Ignore the effect of friction. Calculate the amount of heat per unit mass (in joules per kilogram)...
An employment test that yields different results over time when taken by the same person lacks ____________. (a) validity (b) reliability (c) realism (d) behavioral anchors
Fill in the blanks with an appropriate word, phrase, or symbol(s). Of the converse, inverse, and contrapositive, only the contrapositive of the conditional statement is _________________ to the...
Integration is a vital concept when applied in one?s life. Integrating your life means making ideal choices. Perfect choices on the other go in line with quality decisions. Quality decisions lead to...
Refer to Exercise 1.a.?Determine the standard error of estimate.b. Suppose a large sample is selected (instead of just five). About 68% of the predictions would be between what two values? Exercise...
The owner of Maumee Motors wants to study the relationship between the age of a car and its selling price. Listed below is a random sample of 12 used cars sold at Maumee Motors last year: a. If we...
The following sample observations were randomly selected: a.?Draw a scatter diagram.b.?Determine the regression equation.c. Determine the value of y? when x is 7. x: 3 4 15 12 y: 13 13 11
The accounts of Grand Pool Service, Inc., follow with their normal balances at April 30, 2021. The accounts are listed in no particular order. (Click the icon to view the accounts.) Read the...
What kind of leader do you aspire to be and what are the traits? Explain.
10. Create the following row vector A where it has 18 elements (1 to 18). 1 4 7 10 13 16. 11 14 17 a. Use the reshape function to obtain B: == 2 5 8 3 6 9 12 15 18 b. Create a 7 element row vector...

The probabilities of the events A and B are .20 and .30, respectively. The probability that both

Question:

Step by Step Answer:

PA or B P...View the full answer

Statistical Techniques in Business and Economics

Students also viewed these Business questions