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Find the indicated probability by using the general addition rule.
-The manager of a bank recorded the amount of time each customer spent waiting in line during peak business hours one Monday. The frequency table below summarizes the results.
If we randomly select one of the times represented in the table, what is the probability that it is at Least 12 minutes or between 8 and 15 minutes?
Value Cocreation
A business strategy that involves customers in the development of products and services, enhancing the value through their input and engagement.
Product Design
The process of creating and developing a new product to be offered to the market, involving concept generation, design, testing, and manufacturing.
Market-oriented
A business approach focusing on identifying and meeting the desires and needs of customers through the product mix.
Buying Options
Choices available to consumers regarding the types of products or services they can purchase, including different models, features, and payment plans.
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