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Billit Corporation
Billit Corporation is a merchandising company. Selected account balances are listed below. Calculate the cost of goods sold for Billit Corporation.
P(A ∪ B)
Represents the probability of the occurrence of at least one of two events, A or B, including the case where both events occur simultaneously.
P(A ∩ B)
The probability that events A and B both occur, also known as the intersection of A and B.
Venn Diagram
A graphical representation for showing symbolically the sample space and operations involving events in which the sample space is represented by a rectangle and events are represented as circles within the sample space.
Conditional Probability (P(B))
The probability of an event (B) occurring given that another event (A) has already occurred.
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