Given That P(A or B) Find P(B) $\frac { 11 } { 72 }$

question 255

Multiple Choice

Given that P(A or B) $= \frac { 1 } { 6 } , \mathrm { P } ( \mathrm { A } ) = \frac { 1 } { 8 } \text {, and } \mathrm { P } ( \mathrm { A } \text { and } \mathrm { B } ) = \frac { 1 } { 9 }$ find P(B) . Express the probability as a simplified fraction.

• A) \(\frac { 11 } { 72 }\)
• B) \(\frac { 23 } { 432 }\)
• C) \(\frac { 29 } { 72 }\)
• D) \(\frac { 13 } { 72 }\)

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Definitions:

Net Price Method

An accounting method that records purchases at the net price, after deducting any discounts, rather than recording them at the gross price.

Catalog Price

The listed price of goods or services in a catalog, before any discounts or adjustments.

Perpetual Inventory System

An inventory accounting system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.