Suppose That for a Certain Experiment $P ( A ) = .47$

question 233

Multiple Choice

Suppose that for a certain experiment $P ( A ) = .47$ and $P ( B ) = .25$ and $P ( A \cap B ) = .14$ . Find $P ( A \cup B )$ .

• A) \(.36\)
• B) \(.86\)
• C) \(.72\)
• D) \(.58\)

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Definitions:

Investment

Allocation of resources, usually money, to generate income or profit, including purchases of bonds, stocks, or property.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, marked by high unemployment, deflation, and a significant fall in economic activity.

Aggregate Demand

The sum of economic demand for every product and service, evaluated at a unified price point throughout a defined temporal stretch.

Full Employment

This is a situation in an economy where all available labor resources are being used in the most efficient way possible, typically implying a very low unemployment rate.