If Two Events a and B Have Probabilities as P(A)

question 60

Multiple Choice

If two events A and B have probabilities as P(A) = 0.45 and P(B) = 0.7, then what is the smallest possible value for P(A and B) ?

• A) 0.1
• B) 0.15
• C) 0.3
• D) 0.35

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Definitions:

Low-cost Production

A manufacturing strategy that focuses on minimizing production costs while maintaining product quality.

Customer Desires

The wants or needs of customers that a business aims to fulfill with its products or services.

Customizes

Modifies or tailors a product, service, or system to meet specific requirements, preferences, or needs of an individual or group.

Productivity

The efficiency of production of goods or services, measured by the output per unit of input, such as labor hours, materials, or energy.