Suppose a and B Are Mutually Exclusive Events Where P(A)=

question 45

Short Answer

Suppose A and B are mutually exclusive events where P(A)= 0.4 and P(B)= 0.5.Then P (A and B)= .

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Definitions:

Economy

A system of production, distribution, and consumption of goods and services among individuals, businesses, and governments within a certain geographical area.

Real Income

The income of an individual or group after adjusting for inflation, reflecting the true purchasing power of the income.

Bureau Of Labor Statistics

A U.S. government agency responsible for collecting, analyzing, and distributing essential statistical data related to labor market activity, working conditions, and price changes in the economy.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, typically used as an indicator of inflation.