Tea and Seltzer

question 165

Short Answer

Tea and Seltzer
Suppose 55 percent of adults drink tea,45 percent drink seltzer,and 10 percent drink both. ​ ​
-{Tea and Seltzer Narrative} What is the probability that a randomly chosen adult does not drink seltzer?

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Definitions:

Compounded Monthly

A method of calculating interest where the interest amount is added to the principal balance each month, accelerating the growth of the investment.

Compounded Monthly

Interest on an investment or loan is calculated monthly, adding the interest from each month to the principal amount for the calculation of the next month's interest.

Compounded Semi-annually

A method of calculating interest where the interest is added to the principal amount twice a year, resulting in the accumulation of interest on interest over the period.

Business Bank Loan

A specific type of loan intended for business expenditures, provided by a bank to a company, with agreed repayment terms and interest rates.