If a and B Are Mutually Exclusive Events with P(A)

question 94

Multiple Choice

If A and B are mutually exclusive events with P(A) = 0.2 and P(B) = 0.6, then P(A or B) = _____.

• A) 0.00
• B) 0.12
• C) 0.8
• D) 0.4

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Definitions:

Traditional Bank Loans

Traditional bank loans refer to fixed amounts of money borrowed from banks, with specified repayment terms, including interest, over a set period.

Collateral

An asset that a borrower offers to a lender as security for a loan, which can be seized if the borrower fails to repay.

Building Infrastructure

The process of constructing physical and organizational structures and facilities needed for the operation of a society or enterprise.

Physical Capital

Assets used in the production process that are tangible, such as buildings, machinery, and equipment.