Suppose That P(A) = 0

question 89

Short Answer

Suppose that P(A) = 0.4, P(B) = 0.5, and that events A and B are mutually exclusive.
a. Find
.
______________
b. Find
.
______________

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Definitions:

Speculative

Actions based on conjecture rather than knowledge, often in the context of investment, involving risks with the hope of substantial gains.

Interest Rate

The rate, represented as a fraction of the total loan, charged by a credit provider to a loan recipient for borrowing funds or assets.

Transactions

The action of conducting business, trade, or an exchange between two or more parties, often involving financial operations.

Reserve Ratio

The reserve ratio is the fraction of depositors' balances banks must have on hand as cash, a regulatory requirement set by central banks.