Find the Probability That Either Event a or B Occurs

question 121

Multiple Choice

Find the probability that either event A or B occurs if the chance of A occurring is .5, the chance of B occurring is .3, and events A and B are independent.

• A).80
• B).15
• C).65
• D).85

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Definitions:

After-Tax Profit

The net income a company remains with after all the taxes have been subtracted from the total revenue.

Market Value

The price at which an asset would trade in a competitive auction setting.

Interest Rate

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

Pure Interest Yield

The portion of a loan's interest rate that solely reflects the cost of borrowing money, excluding any other charges or fees.