For Two Events $A$ And $B , P ( A ) = .4 , P ( B ) = .7$

question 167

Multiple Choice

For two events, $A$ and $B , P ( A ) = .4 , P ( B ) = .7$ , and $P ( A \cap B ) = .2$ . Find $P ( A \mid B )$ .

• A) .14
• B) \(.08\)
• C) \(.29\)
• D) \(.5\)

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Definitions:

Total Costs

The sum of all costs incurred by a firm in producing a certain level of output, including both fixed and variable costs.

Edited and Typeset

The process of preparing and arranging written material for printing or digital publication by correcting, making changes, and setting the final layout.

Marginal Cost

The extra financial burden of producing an additional unit of a product or service.

Profits

The financial gain received by a business after subtracting the total costs from the total revenues generated through its operations.