Use the Addition Rule for Disjoint Events

question 134

Multiple Choice

Use the Addition Rule for Disjoint Events
-The events A and B are mutually exclusive. If P(A) = 0.5 and P(B) = 0.2, what is P(A or B)

• A) 0.7
• B) 0
• C) 0.1
• D) 0.3

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Definitions:

Coconuts

Often used in economic models and examples, referring to a simplistic commodity to illustrate principles of trade, investment, or resource allocation.

Equilibrium

A condition or state in which economic forces such as supply and demand are balanced, resulting in a stable market.

Coconuts

A large tropical fruit with a hard shell, edible white flesh, and clear liquid, often used in food and drink preparations.

Tax Imposed

An obligatory financial charge or other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.