Suppose That the Probability That LIBOR (London Inter-Bank Offered Rate)will

question 85

Multiple Choice

Suppose that the probability that LIBOR (London inter-bank offered rate) will increase next trimester is 0.025.Assume also that the probability that your company will open a new branch overseas is 0.20.If the probability that at least one of the two events occur, i.e., LIBOR increases and/or your company opens a new overseas branch, is 0.21, what is the probability that both events occur?

• A)0.225
• B)0.015
• C)0.010
• D)0.007
• E)0.005

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Definitions:

Psychoactive Drug

A chemical substance that changes brain function and results in alterations in perception, mood, or consciousness.

Withdrawal

The process of reducing dependence on or quitting a substance, activity, or habit, often leading to uncomfortable symptoms.

Selective Attention

The cognitive process of focusing on a particular object or task within the environment while ignoring irrelevant information.

Oxygen Deprivation

The condition of being deprived of adequate oxygen supply, which can lead to cellular damage or death, particularly in sensitive organs like the brain.