Suppose a and B Are Events Where P(A)= 0

question 118

Short Answer

Suppose A and B are events where P(A)= 0.4,P(B)= 0.5,and P (A and B)= 0.1.Then P (A or B)= .

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Definitions:

Price Level

The current standard price across the broad array of goods and services in the economic sphere.

Predict Recessions

The process of forecasting a period of economic decline across the economy, typically recognized by a decrease in GDP in two successive quarters.

GDP

Gross Domestic Product, a measure of a country's economic performance, representing the total value of all goods and services produced over a specific time period.

Exchange-Rate Effect

The impact on a country's trade balance when its currency appreciates or depreciates, affecting the price of imports and exports.