$$\text { If } P ( A ) = 0.38 , P ( B ) = 0.33 \text {, and } P ( A \text { and } B ) = 0.24 \text {, find } P ( A \text { or } B ) \text {. }$$

question 149

Multiple Choice

$$\text { If } P ( A ) = 0.38 , P ( B ) = 0.33 \text {, and } P ( A \text { and } B ) = 0.24 \text {, find } P ( A \text { or } B ) \text {. }$$

• A) 0.47
• B) 0.355
• C) 0.12
• D) 0.24

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Definitions:

Liability Subsections

The divisions within the liabilities section of a balance sheet, categorizing liabilities based on their nature or duration, such as current liabilities and long-term liabilities.

Long-Term Liabilities

Liabilities that usually will not be due for more than one year.

Net Income

The amount of profit left over after all expenses, taxes, and costs have been subtracted from total revenue.

Net Loss

The amount by which total expenses exceed total revenues in a specific period, indicating financial loss.