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Suppose P(A) = 0

question 7

Short Answer

Suppose P(A) = 0.30, P(B) = 0.40, and P(B /A) = 0.60.
a. Find P(A B).
b. Find P(A B).
c. Find P(A /B).

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Definitions:

Supply of Electronic Tablets

The total quantity of electronic tablets that manufacturers are willing and able to sell at a given price level in a given time period.

Price

The price in money expected, obligatory, or rendered for acquiring something.

Law of Supply

A principle in economics stating that as the price of a good or service increases, the quantity supplied also increases, assuming all other factors remain constant.

Interest Rate

The cost of borrowing money or the return on investment, expressed as a percentage of the principal.

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