Suppose That for a Certain Experiment P(A) =

question 21

Multiple Choice

Suppose that for a certain experiment P(A) = .33 and P(B) = .29. If A and B are mutually exclusive events, find P(A ∪ B) .

• A) .62
• B) .38
• C) .03
• D) .31

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Definitions:

Commercial Banks

Commercial banks are financial institutions that accept deposits, offer checking account services, and make loans to individuals and businesses.

Horizontal Merger

A business consolidation that occurs between two firms that operate in the same industry, often aimed at increasing market share and reducing competition.

Conglomerate Merger

A type of merger where two companies that operate in entirely different industries combine resources or operations.

Not-for-profit Organizations

entities that operate for purposes other than making a profit, often focusing on social, educational, humanitarian, or cultural objectives.