If P(A) = 0

question 76

Multiple Choice

If P(A) = 0.76, P(B) = 0.4, and P(A and B) = 0.27, find P(A or B) .

• A) 0.89
• B) 0.135
• C) 0.58
• D) 0.27

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Definitions:

Financial Statements

Consolidated documents that track and report an entity's financial performance and health, including balance sheet, income statement, and cash flow statement.

Balance Sheet

A financial statement that presents the financial position of a company at a specific point in time.

Income Statement

A financial statement that shows a company's revenue and expenses over a specific period, resulting in a net profit or loss.

Statement of Retained Earnings

A financial statement that shows how a company's retained earnings have changed over a given period due to profits retained in the business or dividends distributed.