Find the Indicated Probability $P ( A ) = 0.4 , P ( B ) = 0.5$

question 6

Multiple Choice

Find the indicated probability.
-If $P ( A ) = 0.4 , P ( B ) = 0.5$ , and $P ( A$ and $B ) = 0.3$ , find $P ( A$ or $B )$ .

• A) \(\mathrm { P } ( \mathrm { A }\) or \(\mathrm { B } ) = 0.8\)
• B) \(\mathrm { P } ( \mathrm { A }\) or \(\mathrm { B } ) = 0.5\)
• C) \(\mathrm { P } ( \mathrm { A }\) or \(\mathrm { B } ) = 0.6\)
• D) \(\mathrm { P } ( \mathrm { A }\) or \(\mathrm { B } ) = 0.9\)

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Definitions:

Overhead Application

The process of assigning or allocating overhead costs to produced goods or services, often using a predetermined overhead rate.

Activity-Based Management Method

The activity-based management method is a technique that uses detailed information about activities and their costs to manage and improve business processes.

Support Department Costs

Expenses incurred by the service departments that assist other internal departments rather than directly producing a product or service.

Allocate Overhead Costs

The process of assigning indirect costs to products, services, or business units based on relevant allocation bases.